Don Grimes's (grimesd) Blog
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2012
Mortgage markets worsened last week as Greece tentatively formed a government and the Federal Reserve extended its Operation Twist program by $267 billion. Neither event, however, removed the uncertainty surrounding global markets. First, Greece must still adhere to stringent austerity measures i...
06/24/2012
Mortgage markets improved last week, moving mortgage rates in Michigan back on a downward trajectory. Wall Street investors bid down mortgage bond yields on weaker-than-expected economic data from the U.S. and concern for events within the Eurozone. Freddie Mac reports the average 30-year fixed r...
06/17/2012
Mortgage markets worsened last week, halting a multi-week mortgage rate winning streak in Michigan and nationwide. With little economic news on which to trade, investors took their cues from the world’s central banks. Fed Chairman Ben Bernanke neither dismissed nor promised new market stimulus in...
06/10/2012
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