This week starts off with a couple pieces of economic data relating to factory orders and manufacturing that are going to be released this morning. The rest of the week is rather light on economic data with Jobless Claims data being released on Thursday and International Trade / Consumer Sentiment data being released on Friday. [...]

Last week mortgage rates worsened slightly on light trading due to the shortened Holiday schedule. This week mortgage rates may be largely influenced by the events in Europe as they have been in the weeks and months of late. We will likely see mortgage rates increase on good news affecting events in Europe and mortgage [...]

Mortgage rates opened the week lower as European concerns continue with Spain and Italy becoming new areas of focus. The market is also concerned over the progress of the Congressional Super Committee or lack thereof. Since this is a shortened week for the Thanksgiving Holiday, it’s hard to know what is in store for mortgage [...]

We start the week with two of the major concerns that have weighed on the market in past weeks coming to a resolution with Greece and Italy both appointing new Prime Ministers. The market did not have confidence that the previous leadership of these countries would be helpful or even willing to participate in the [...]

Mortgage rates were helped out last week by renewed concern over the European debt default crisis and Greece’s possible referendum vote. Without this concern in the eyes or the market, it is very likely that rates would have increased given somewhat positive comments that came out of the FED meeting last week. This week has [...]

Greece, Greece, Greece The market is closely watching and waiting for a resolution to the Greek debt default drama playing out in Europe. This headache for the markets, in addition to the continued fears about the United States’ economic health, have played key roles in pushing US mortgages rates to historic record lows over the [...]

Forecasts for the Economy and Employment – Their Impact on the Housing Market   The economy and housing markets have seen some rough times the last couple of years. But the good news is last year we saw some stabilization in 2010 – and 2011 should continue on the road to recovery. To help you [...]