Mortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in Michigan fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are especi
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06/27/2011
Mortgage markets improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation - an event that tends to lead rates higher - but weak domestic jobs data and a soft manufacturing report suppressed the damage. Rates
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06/20/2011
What's Ahead For Mortgage Rates This Week : June 13, 2011 Mortgage markets moved in feverish fashion last week, changing with extreme frequency, and eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated higher.
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06/13/2011
Mortgage markets improved last week, carried by the same stories that have led markets better since April. Worries of a Eurozone sovereign debt default mounted, and the U.S. economy's revival showed itself to be slower than originally anticipated. In Greece, the nation readied itself for its seco
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06/06/2011