Rates rising on economyMortgage markets worsened last week for the first time in a month as the U.S. economy showed signs of improvement, and the Eurozone stepped closer to launching its $500 billion euro rescue fund. Conforming mortgage rates in Virginia rose last week on the whole -- even though Freddie Mac's Primary Mo...
09.10.12 03:45 PM - Comment(s)
Jobs reportMortgage markets worsened for the third straight week last week as the U.S. economy showed new signs of expansion, and as little new news came from Europe. August has been a rough month for rate shoppers. Since the start of the month, mortgage rates in Henrico have climbed steadily and are now ...
20.08.12 03:45 PM - Comment(s)
30-year mortgage ratesMortgage 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 suc...
13.08.12 03:45 PM - Comment(s)
Retail SalesMortgage markets improved last week on slowing economic growth worldwide and investor thirst for "safe" investments. China's economy posted to its weakest growth since 2009 and economic activity in the Eurozone continued to sag. Both events resulted in a broad-based sell-off of equities an...
16.07.12 03:45 PM - Comment(s)
Unemployment RateMortgage markets improved last week as concerns for U.S. economic growth wrestled attention away, albeit temporarily, from the Eurozone. Mortgage bonds improved to record prices, lowering mortgage rates across Virginia and nationwide. The biggest news of last week's holiday-shortened trading week wa...
09.07.12 03:45 PM - Comment(s)

Greece affects U.S. mortgage ratesHome affordability is receiving a boost from across the Atlantic Ocean this spring.

For the third time in as many years, a weakening Eurozone is pushing May mortgage rates to new lows throughout Virginia and nationwide.

The story centers in Greece and begins in 2010.

2 years ago, it was uncovered that ...

15.05.12 03:45 PM - Comment(s)
Homebuilder ConfidenceMortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone's future. Political and economic issues continue to weigh on Greece and Spain, and it's still unknown how France's new President will change that nation's fiscal direction. Conf...
14.05.12 03:45 PM - Comment(s)
Unemployment RateAfter two weeks of no change, mortgage markets improved last week, pushing mortgage rates lower throughout Virginia. The majority of the improvements occurred Friday after the April jobs report failed to impress Wall Street, and after it became clear that the Eurozone's struggles with sovereign debt...
07.05.12 03:45 PM - Comment(s)
Spain mortgage ratesIn a week of up-and-down trading, mortgage markets improved for the second consecutive week last week. Weaker-than-expected jobs data plus evidence of a slumping Eurozone took mortgage bonds lower, capped by a furious Friday morning rally that dropped mortgage rates to near-record levels. Once again...
09.04.12 03:45 PM - Comment(s)
Retail Sales and mortgage ratesMortgage markets were mostly unchanged last week as Greece -- once again -- was front-of-mind for Wall Street investors. The nation-state is attempting to avoid a debt default, and has been attempting to avoid default since May 2010. Early in the week, Greece reached a deal with European Union leade...
13.02.12 04:45 PM - Comment(s)
Jobs growth pushes mortgage rates higherMortgage markets worsened last week as domestic job growth surprised Wall Street and the Eurozone moved yet one more step closer to reaching a lasting Greece sovereign debt solution. Conforming mortgage rates in Virginia rose on the news, although you wouldn't know it from looking at Freddie Mac's w...
06.02.12 04:45 PM - Comment(s)
Net New Jobs, 2010-2011Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Conforming mortgage rates rallied from Wednesday through Friday's close, ending the week near all-time lows set earlier this year. Last week's ral...
30.01.12 04:45 PM - Comment(s)
FOMC meets for a 2-day meeting this weekThe outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose throughout Virginia from one week to the next. Data was strong across all categories last week.
  • Home Resales :Existing Home Sales rose 5%
  • New Home...
23.01.12 04:45 PM - Comment(s)
Greece still roiling U.S. mortgage marketsMortgage markets gained last week, picking up momentum into the weekend. Global demand for mortgage-backed bonds helped push mortgage rates to new lows, and closing costs eased somewhat, too. According to Freddie Mac's weekly mortgage rate survey, the average 30-year fixed rate mortgage rate fell to...
17.01.12 04:45 PM - Comment(s)
Retail Sales 2009-2011Mortgage markets improved last week, pushing mortgage rates in Virginia lower for the second straight week. Conforming fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rates did the same. In a holiday-shortened trading week, stronger-than-expected U.S. economic data and on...
09.01.12 04:45 PM - Comment(s)
Jobs report due FridayMortgage markets improved last week during a holiday-shortened trading week. The mortgage bond markets were closed Monday for Christmas, and closed early Friday afternoon. Trading volume was light all week long, which contributed to a year-end rally. Mortgage bonds made their largest one-week gain i...
03.01.12 04:45 PM - Comment(s)
Existing home sales Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing. The action sparked a stock market rally at the expense of mortgage bonds, sending conforming and FHA mortgage rates meaningfully higher for the...
27.12.11 04:45 PM - Comment(s)
Federal Reserve meets this weekMortgage markets were mostly unchanged for the 6th consecutive week last week as Wall Street's uncertainty regarding the future of U.S. and global economies remain. Mortgage bonds made gains made through the early part of the week, which caused mortgage rates in Virginia to drop Monday through Wedne...
12.12.11 04:45 PM - Comment(s)

Non-farm payrolls Dec 2009 - Nov 2011Mortgage markets made little change last week for the fifth time in as many weeks.

As Wall Street watched both the Eurozone and the U.S. regain their respective footing, expectations for a new Fed-led stimulus increased, which prevented mortgage rates from rising.

According to Freddie Mac, the average...

05.12.11 04:45 PM - Comment(s)
Non-Farm Payrolls Nov 2009-Oct 2011Mortgage markets worsened slightly last week through a bouncy, holiday-shortened trading week. Markets were closed Thursday for Thanksgiving and re-opened only briefly Friday. As in past weeks, though, economic, political, and financial news from the Eurozone dictated the direction of U.S. mortgage-...
28.11.11 04:45 PM - Comment(s)

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