Don Grimes's (grimesd) Blog

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RECENT BLOG POSTS
Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week's two big stories were the same two stories roiling mortgage markets since March - Greece and Jobs. In both instances, rate shoppers won. Conforming mortgage rates in Michigan improved for the firs...
07/11/2011
 Mortgage markets worsened last week as Wall Street's renewed optimism pushed equities to their best one-week gain in 2 years. The change in  sentiment was bad news for rate shoppers, however, as investors pored into stocks at the expense of bonds. Last week, for the first time since February, mo...
07/05/2011
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...
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...
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....
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...
06/06/2011
What's Ahead For Mortgage Rates This Week : May 31, 2011 Mortgage markets improved last week ahead of Memorial Day and a 3-day weekend. Bond pricing ending the week higher, pushing conforming mortgage rates in Michigan down for the 5th week out of six. Most economic news reported worse-than-expec...
05/31/2011
 Mortgage markets were unchanged last week, despite improving on four of five days. Economic data was worse-than-expected almost across the board, but neither FHA nor conforming mortgage rates in Michigan budged. Instead, markets grappled with the just-released Fed Minutes which weighed heavily o...
05/23/2011
What's Ahead For Mortgage Rates This Week : May 16, 2011  Mortgage markets worsened overall last week for the first time in 5 weeks. Better-than-anticipated economic data plus dwindling concerns for Greece's sovereign debt combined to a spark a bond sell-off. Conforming mortgage rates moved highe...
05/16/2011
What's Ahead For Mortgage Rates This Week : May 2, 2011  Mortgage markets improved last week overall. Bigger concerns for Eurozone debt combined with lesser concerns for domestic inflation to push U.S. mortgage rates lower. Last week marked the 3rd consecutive week through which conforming mortga...
05/02/2011
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Don Grimes

NMLS ID #130686
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