Mortgage pricing was poised to close last week on its first weekly gain since the impact of QEII was felt in markets when a sharp selloff on thin volume took place on Wednesday. The underlying reason: economic growth just might be coming faster than expected.
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Mortgage Rates Continue to Fluctuate as Economic Data Shows Improvement
- Mortgage Rates Continue to Rise; Fed Announcement Due Tomorrow
Last week, the markets for mortgage-backed securities were absolutely dominated by irregular economic events. Monday morning, mortgage rates looked like they might start to stabilize, as Federal Reserve Chairman Ben Bernanke’s interview on 60 Minutes assured traders that neither inflation nor long-term rates would be allowed to rise too rapidly. By the end of the.. - Modest GDP Growth Considered Insufficient to Reduce Unemployment
While last week’s biggest headline was the first reading on 2nd quarter GDP, it was questions, doubt, and confusion about exactly what the Federal Reserve Open Markets Committee will announce at the conclusion of its meeting this Wednesday. The Fed essentially announced the program at its last meeting in September, saying it was prepared to.. - Markets Look to Federal Reserve for Direction – More Quantitative Easing Coming?
There had been hopes that last week’s broader array of economic data might reveal some direction in the economy. Instead, the data was substantially mixed, leaving traders unsure of the direction of things to come. Because of this uncertainty, tomorrow’s meeting of the Federal Reserve Open Market Committee will be closely viewed to set the.. - Mortgage Market Update
Greetings to all. This week’s update is coming live from the RE BarCamp in Miami. Being that you are likely in the real estate industry in some fashion, I highly recommend getting to a few of the events such as these so you can learn more and more about social media and how it can.. - Employment Data Roil Mortgage Rate Markets
The first week of any month is typically a very active week, from an economic data perspective, and January 3rd to January 7th 2010 was no exception. Mortgage pricing continued its recent volatility last week, as conflicting employment data exerted their forces on Mortgage-Backed Security prices. ..