Blog tagged as Greece

Federal Reserve meeting this weekMortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction.

It was a wild ride for rate shoppers.

Early in the week, mortgage rates spiked. Eurozone leaders expressed optimism that...

31.10.11 03:45 PM - Comment(s)

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)

Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will "rescue" Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week.

Conforming and FHA mortgage rates in Virginia moved sharply higher. ...

17.10.11 04:02 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)
Greece roiling mortgage markets Conforming and FHA mortgage rates fell for the second straight week last week, and closed out Friday with favorable momentum to the downside. There were three main mortgage market drivers last week. The first is tied to the Eurozone. Although the Greek Parliament reached agreement on austerity meas...
18.07.11 03:57 PM - Comment(s)
Fed Funds RateMortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in Virginia fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are especiall...
27.06.11 04:09 PM - Comment(s)

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