Don Grimes's (grimesd) Blog
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2012
-->Mortgage bonds improved last week, pushing mortgage rates lower in Michigan and nationwide. Positive economic news and strong housing data was trumped by ongoing Fiscal Cliff discussions on Capitol Hill. The “Fiscal Cliff” is meant to represent January 1, 2013 — the date on which mandatory spe...
12/30/2012
Mortgage markets worsened last week amid ongoing discussions budget and tax conversations in Washington, D.C., and the release of key housing and economic data. Mortgage rates climbed in Michigan and nationwide. Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.37 percent nat...
12/23/2012
>Mortgage bonds worsened last week, moving mortgage rates higher. Economic news was mostly positive and the Federal Open Market Committee (FOMC) changed some of Wall Street expectations for future monetary policy. Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.32 percent n...
12/16/2012
Mortgage bonds worsened last week as Fiscal Cliff talks moved closer to resolution and as the U.S. economy showed continued signs of growth. Conforming mortgage rates in Michigan rose slightly, edging off the all-time lows late in November. According to Freddie Mac’s weekly mortgage rate survey, ...
12/09/2012
Low mortgage rates are pumping up home affordability. Average 30-year fixed-rate mortgage rates made a new all-time low in November, continuing this year Refinance Boom and giving fuel to the budding housing market recovery. At month-end, Freddie Mac’s survey of 125 banks nationwide put the bench...
12/02/2012
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