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RECENT BLOG POSTS
Mortgage markets worsened slightly in last week’s holiday-shortened week. As expected, Wall Street took its cues from Europe and from the U.S. jobs market, and mortgage rates moved across a wide range. Home buyers in Lansing and would-be refinancing households were greeted with wildly varying mor...
09/09/2012
Mortgage markets improved last week for the second consecutive week. With no news coming from Europe, Wall Street was focused U.S. economic data and Federal Reserve Chairman Ben Bernanke’s planned public speech from the Fed’s annual retreat in Jackson Hole, Wyoming. Rate shoppers and home buyers ...
09/04/2012
Mortgage markets worsened last week as the investors moved back into risk-taking mode. Better-than-expected economic data in the U.S. plus a general feeling that the ongoing Eurozone issues will be soon be resolved (or lessened) contributed to a second straight week of rising mortgage rates. One ...
08/12/2012
  Mortgage bonds worsened last week in a news- and event-heavy week. A series of non-action from the world’s central banks — including the Federal Reserve — plus a better-than-expected jobs report pushed mortgage rates to their highest levels in more than a month. Conforming mortgage rates rose i...
08/05/2012
Mortgage markets booked major losses last week after European leaders spoke of their determination to preserve the European Union. Mortgage rates jumped Thursday and Friday as investors sold positions of relative safety, including bonds, and moved their money into stock markets. Mortgage rates cl...
07/29/2012
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
Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Michigan worsened slightly on the news, climbing for the first time in two ...
05/28/2012
Mortgage bonds improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. According to Freddie Mac’s mortgage rate survey,...
05/20/2012
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Don Grimes

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