Freddie Mac mortgage ratesMortgage markets were basically unchanged last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East. The combination of civil protests, economic slowdowns, and growing political tensions caused investors ...
15.10.12 03:45 PM - Comment(s)
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 report threatens low mortgage ratesMortgage rates dropped to another all-time low last week as concerns for global economic growth helped U.S. home buyers and refinancing households nationwide. U.S. mortgage rates responded to non-U.S. events and, for rate shoppers and home buyers in Richmond , home affordability improved. Early in t...
01.10.12 03:45 PM - Comment(s)
Freddie Mac mortgage ratesMortgage markets improved last week on expectations for new Federal Reserve stimulus, plus ongoing concerns about the European Union's future. Mortgage-backed bonds climbed to new all-time highs, which helped conforming mortgage rates drop to new all-time lows. The average 30-year fixed-rate mortgag...
23.07.12 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)

Fed Funds Rate 2006-2012Mortgage 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 in ord...

25.06.12 03:45 PM - Comment(s)
FOMC meets this weekMortgage 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...
18.06.12 03:45 PM - Comment(s)
Mortgage markets worsened last week, halting a multi-week mortgage rate winning streak in Virginia 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 th...
11.06.12 03:45 PM - Comment(s)
Unemployment RateMortgage markets improved last week in response to ongoing concerns for the European Union and an across-the-board weakening in U.S. economic data -- including the much-watched jobs report. Conforming mortgage rates in Virginia eased lower last week, falling to a new all-time low for 6th week in a r...
04.06.12 03:45 PM - Comment(s)
Jobs in focus this weekMortgage 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...
29.05.12 03:45 PM - Comment(s)
Existing Home Sales 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...
21.05.12 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)
FOMC meets this weekMortgage markets were mostly unchanged last week, breaking a three-week winning streak. Wall Street grappled with surprising demand on Spain's debt issuance and a series of weaker-than-expected data points on U.S. housing. Conforming mortgage rates across Virginia rose slightly according to the week...
23.04.12 03:45 PM - Comment(s)
FOMC meeting this weekMortgage markets were mostly unchanged last week despite a series of positive developments. In addition to Greece successfully reaching a deal with its private creditors, the U.S. economy turned out strong reports -- most notably with respect to Non-Farm Payrolls. In February, the U.S. economy added...
12.03.12 03:45 PM - Comment(s)
Existing Home SalesMortgage markets improved in a holiday-shortened week last week, drawing mortgage rates lower throughout Midlothian and nationwide. Few new economic releases reached the markets, but those that did suggested recovery -- especially with respect to housing and employment, two key drivers of the U.S. e...
27.02.12 04:45 PM - Comment(s)
Gas prices risingMortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. In response, mortgage rates climbed last week. Rate shoppers should not be surprised that rates ticked north. Since mid-2011, weakness in Greece h...
21.02.12 04:45 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)

Congressional super-committee deadline influences mortgage ratesMortgage markets went unchanged last week as Wall Street traded on new debt stress within the Eurozone, and stronger-than-expected economic data here at home.

Rates moved very little from Monday to Friday and the storyline's not expected to change much this week for today's rate shoppers.

Accordi...

21.11.11 04:45 PM - Comment(s)

Italy influencing U.S. mortgage ratesAmid a dearth of new U.S. economic data, Eurozone developments led mortgage markets down in last week's holiday-shortened trading week. Mortgage rates across Virginia worsened slightly, increasing week-over-week for the first time in a month.

Freddie Mac reports the average 30-year fixed rate mortgag...

14.11.11 04:45 PM - Comment(s)
Fed Funds Rate 2008-2011Mortgage markets improved last week as optimism for a Greek Bailout program faded, triggering a global flight-to-quality assets. Fear of a Eurozone rift outweighed positive economic remarks from the Federal Open Market Committee and an in-line U.S. jobs report. Although the Federal Reserve said the ...
07.11.11 04:45 PM - Comment(s)

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