Blog tagged as European Union

Mortgage markets improved only slightly last week despite a large 2-day rally that lasted through Wednesday and Thursday. Unfortunately for mortgage rate shoppers in Henrico , markets were worse throughout the other 3 days of the week, which kept mortgage rates from dropping to new all-time lows. As...

Mortgage markets improved last week, moving mortgage rates in Virginia 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 rate...

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 Virginia worsened slightly on the news, climbing for the first time in two wee...

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, co...