Don Grimes's (grimesd) Blog
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2010
Another week, same old story. Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It's the 4th straight week in which conforming mortgage rates improved and, against t...
05/24/2010
Mortgage markets improved last week -- but barely -- as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds. Mortgage rates were wildly volatile between Monday and Friday before closing the week slightly better than t...
05/17/2010
Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece's debt problems continue to help mortgage rate shoppers around the country. Conventional mortgage rates dropped last week, ARMs falling more than fixed. FHA m...
05/10/2010
Mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming mortgage rates to their lowest levels in 6 weeks. It's an unexpected development considering that mortgage rates ...
05/03/2010
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