Although this week’s economic data was generally stronger than expected, it was overshadowed by solid demand for the Treasury auctions and intensified concerns about the economic situation in Greece, which helped mortgage markets. After reaching the highest levels since August, mortgage rates ended a little lower than where they ended last week. Recent increases in …
While the economic data released this week had little impact, mortgage rates were heavily influenced by two big stories. One was an announcement that China will take steps to slow its economic growth and the other was President Obama’s proposed new restrictions on the activities of financial institutions. Both measures are expected to lead to …
This week’s economic news was mixed for mortgage markets. A speech from Fed Chief Bernanke pushed mortgage rates lower early in the week, but weak results in the Treasury auctions caused them to turn higher again later in the week. In the end, mortgage rates finished with little net change. Despite a stronger than expected …
Image via Wikipedia [NEW UPDATE: It appears that this program was announced prematurely, as the mortgagee letter has been removed from the HUD web site. There has been no word if the program is dead or alive, and at this point the real estate and mortgage communities are in a “wait and see” mode until …