Federal Reserve Increased Rates By A Quarter Point Today

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Interest Rates: Market Update Interest rates, much like summer temps, heat up once again. Federal Reserve increased rates by a quarter point today. If you are thinking about buying...

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Q1 GDP Surprise

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It was another good week for mortgage rates.  Weaker than expected economic growth data and increased concerns about Iraq were favorable for mortgage rates.  These factors outweighed the negative...

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INFLATION DRIVES RATES

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Inflation concerns were the main influence on mortgage rates this week. A surprising jump in CPI caused mortgage rates to rise on Tuesday. The Fed downplayed the threat of...

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SOLID JOB GAINS

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Ahead of two major economic events, mortgage rates moved higher early in the week.  When there were few surprises in either the Employment report or the ECB announcement, though,...

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JOB GAINS SURGE

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The major economic date released this week continued to show an event better than expected bounce back from a weather related slowdown during the winter.  Despite the economic strength,...

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BIG WEEK AHEAD !!!

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Although Today the 10 year note closed at 2.67 initiating lower mortgage rates, the   last two weeks have been relatively light ones for economic news. Mortgage   rates moved...

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SHIFT FROM STOCKS TO BONDS

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The stock market was the biggest influence on mortgage rates this week, as investors shifted assets from stocks to bonds. The Fed Minutes also were favorable for mortgage rates,...

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FUTURE INFLATION

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It was a very quiet week for mortgage rates. There were few surprises in the economic data. Talk of easing by the European Central Bank (ECB) was positive for...

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YELLEN SUPRISES INVESTORS !

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A short comment by Fed Chair Janet Yellen caught investors off guard on Wednesday, and the reaction was not good for mortgage rates. In addition, a reduction in tensions...

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