Don Grimes's (grimesd) Blog
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2010
Mortgage markets worsened last week in see-saw trading. By the time Friday's market closed, mortgage rates were higher across the board -- ARMs, fixed rates, FHA and conventional. The biggest stories of last week were actually non-stories. First, the ash cloud from Iceland's Eyjafjallajökull vol...
04/26/2010
Mortgage markets improved last week for the second week in a row. And, also for the second week in a row, rates were down on "safe haven" buying -- just not for the same safe haven reasons as before. If you'll remember, safe haven buying is when investors sense market risk, then move money towar...
04/19/2010
Mortgage markets improved last week to the delight of rate shoppers. Against a sparse economic calendar, Wall Street turned its attention to geopolitics in Greece and the Eurozone. It didn't like what it saw. Safe haven buying buoyed mortgage bond markets last week as pricing recaptured two-thir...
04/12/2010
Mortgage markets performed terribly last week as losses piled up day by day. It marked the second straight week of sell-offs. Pricing was influenced on several fronts including better-than-expected economic data, the end of the Federal Reserve's mortgage buyback program, and a short trading week...
04/05/2010
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