Your Arizona Mortgage Blog

The biggest economic event next week will be the important Employment report on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Before the employment data, Factory Orders will come out on ...

This week's economic news was nearly all positive, and the stock market posted a strong rally. Unfortunately, what's good for stocks is generally unfavorable for mortgage rates. Progress on the Greek aid package and stronger than expected US manufacturing data, along with the end of the Fed's bon...

This week, the Core PCE price index, the Fed's preferred inflation indicator, will come out on Monday, along with Personal Income. Consumer Confidence is scheduled for Tuesday.  Pending Home Sales, a leading indicator for the housing sector, will be released on Wednesday.  The Chicago PMI manufac...

Investors focused on the Fed meeting and Greece last week.  A reduced growth forecast from the Fed and continued concerns about the situation in Greece helped mortgage rates move a little lower. As widely expected, the Fed made no change in the fed funds rate, and Fed policy appears unlikely to c...

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