Blog tagged as Eurozone

Greece may not get its aidMortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points.

Conforming rates across Virginia eased, giving homeowners and rate shoppers yet another chance...

24.10.11 03:45 PM - Comment(s)

Unemployment Rate (2008-2011)Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction.

Conforming mortgage rates in Virginia rose last week, lifting rates off their all-time lows and causing ...

12.10.11 04:01 PM - Comment(s)

Jobs report due this weekMortgage markets deteriorated last week as optimism for a Greek rescue package increased, and as U.S. consumers showed that, despite falling income levels, spending will not be slowed.

As reported by the government, household income dropped in August, falling 0.1 percent and marking the first monthly...

03.10.11 04:13 PM - Comment(s)

Fed Funds Rate 2008-2011Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek's sovereign debt issues.

Conforming mortgage rates fell in Virginia last week overall, dropping for the second straight week.

For rate shoppers, the best day on whic...

26.09.11 04:04 PM - Comment(s)
Mortgage rates rose for the first time in three weeks last week, as Eurozone default fears eased abroad, and expectations for a domestic stimulus increased,  pushing conforming and FHA mortgage rates in Virginia off their all-time, historical lows. Rates were at their lowest Tuesday morning, th...
19.09.11 04:04 PM - Comment(s)
Eurozone trouble aids mortgage ratesMortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row. The storylines should sound familiar by now. They are the same ones that have dictated the pat...
12.09.11 04:02 PM - Comment(s)
Eurozone debt concerns resurfaceMortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming. Overall, conforming mortgage rates in Virginia improved for the first time in ...
06.09.11 04:01 PM - Comment(s)

Eurozone concerns aid mortgage ratesMortgage markets improved again last week, pushing mortgage rates in Virginia to an all-time low; lower than the lows set last November, even.

Last week's low mortgage rate drivers are primarily European. Joining the debt concerns that have dogged Europe since March, a fresh wave of doubt has su...

22.08.11 04:15 PM - Comment(s)

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