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Mortgage Blog

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2010 

Mortgage markets improved last week as markets digested a bevy of data from the housing sector, plus the scheduled Federal Open Market Committee meeting.  In back-and-forth trading, conforming mortgage rates in Michigan bottomed out Wednesday before rising through Friday's afternoon close. Rates ...
09/27/2010
Mortgage markets were highly volatile, yet relatively unchanged last week in back-and-forth trading on Wall Street. Global investors are grappling with the state of U.S. economy and unable to discern whether it's growing, or slowing. As an real-world illustration, the government's August Retail S...
09/20/2010
A shift in Wall Street sentiment caused mortgage markets to worsen last week. There wasn't much in the way of new data, but the numbers that did hit the street helped quell fears of a double-dip recession. Conforming mortgage rates rose between Monday-Friday for the first time since June, and mor...
09/13/2010
Last week was a roller-coaster ride in the conforming mortgage market.  After opening the week by making new, all-time lows, markets reversed sharply on better-than-expected data in manufacturing and housing, and data from overseas. Rates rose through Wednesday and Thursday, then Friday's jobs re...
09/07/2010
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Don Grimes

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