Mortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric. Conforming mortgage rates in Virginia dropped on the news, one week after posting a 5-month high. A major strike in Spain and growing unrest in Italy, both in opposition to recent auster...Mortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric.
Conforming mortgage rates in Virginia dropped on the news, one week after posting a 5-month high.
A major strike in Spain and growing unrest in Italy, both in opposition to recent austerit...
Mortgage 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-...
Mortgage 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...
Amid 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...
The U.S. economy is no longer adding new jobs. Last Friday, in its monthly Non-Farm Payrolls report, the Bureau of Labor Statistics reported that the U.S. economy added exactly zero new jobs in August as the national Unemployment Rate held steady at 9.1 percent. Despite the "zero" reading...(1)
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