Don Grimes's (grimesd) Blog

Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points. Conforming rates across Michigan eased, giving homeowners and rate shoppers yet another c...

Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will “rescue” Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week. Conforming and FHA mortgage rates in Michigan moved sharply higher. After ...

Mortgage markets deteriorated last week as optimism for a Greek rescue package increased, and as U.S. consumers showed that, despite falling income levels, spending will not be slowed. As reported by the government, household income dropped in August, falling 0.1 percent and marking the first mo...

Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues. Conforming mortgage rates fell in Michigan last week overall, dropping for the second straight week. For rate shoppers, the best day on...

  Mortgage bonds worsened last week as Eurozone default fears eased abroad, and expectations for a domestic stimulus increased.  Mortgage rates rose for the first ti...

  Mortgage markets improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows. Bonds were volatile, driven by the stock market’s gyrations. On 4 ...

  Mortgage markets were especially volatile last week, taking rate shoppers in Michigan on a roller-coaster ride. The week’s news schedule was full. It included debt ceiling debates, jobs figures, and ongoing maneuverings within the Eurozone. Each story a material impact on mortgage rates and, a...

  Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning. 30-year fixed conforming mortgage rates improved in Michigan last week, falling to levels just north the product...

Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone...

 Mortgage markets worsened last week as concerns for the global economy drove new rounds of "safe haven" buying. Fear continues to dominate mortgage bond market movement and Michigan rate shoppers are benefiting. Conforming and FHA mortgage rates fell for the second straight week last week, and c...