Last week is saw mortgage rates decrease a bit after a rise over the past few weeks. Last week also saw a handful good but not great economic reports come out. That data was a bit of a disappointment to the markets, which helped exert downward pressure on mortgage rates. Economic Data that May Move [...]
Tag Archive | "Europe"
The big news that the market has been waiting for all week was the final outcome of last nights Greek debt settlement talks and the employment numbers that were released earlier today. Greek Debt Resolution Agreed Upon Last night, the Greek debt deal was completed with somewhere around 85% of investors agreeing to a swap. [...]
Last week saw more economic data showing modest economic growth in the US. Positive economic data last week consisted of GDP numbers showing a 3% annual rate in the fourth quarter of 2011, a rise in consumer confidence and initial jobless claims falling. Further confirmation of a possible recovery in progress came from Fed Chairman Ben Bernanke, [...]
After a tick upwards earlier this week, mortgage rates have settled back down after austerity talks in Greece fell apart and Greeks demonstrated amid scattered violence. Uncertainty about the situation in Greece is good for mortgage rates in the short term though, which is why rates ticked lower today. We can expect rates to tick [...]
Mortgage rates rose last week following positive news regarding employment as the U.S. unemployment rate fell for the fifth straight month in January, moving down to 8.3%, the lowest level since February 2009. 243,000 jobs were added to the economy during the last month as well. This data provided more confirmation that the economy is moving in a [...]
Mortgage rates improved yet again last week, yet again hitting and ending near all time historic lows. Last week was marked the FOMC meeting and their announcement that they would be continuing their projection of ”exceptionally low rates” beyond 2013 into 2014. The market reacted and mortgage rates went lower. Events Affecting Mortgage Rates This [...]
This week mortgage rates have yet again, made all time historical lows. Factors in this historic mortgage rate movement include the realization that the European debt crisis is going to take a long time to fix and slower than expected improvement in the US economy. The Federal Open Market Committee (FOMC) Meets The Federal Open [...]