Economic Worries Translate Into Low Consumer Confidence and Low Mortgage Rates
The University of Michigan’s / Thomson Reuters widely-watched consumer confidence index shows consumer confidence moving lower driven by lack of confidence in government economic policies and...
View ArticleMortgage Outlook for Week of July 25, 2011
Mortgage rates worsened this morning, led in part by “positive” data from the the National Association of Home Builders/Wells Fargo sentiment index. The index climbed to 15 this month from 13 in June,...
View ArticlePoor GDP and Consumer Sentiment Data Translates Into Low Mortgage Rates
U.S. Treasuries prices rose this morning (good for lower mortgage rates) as news the U.S. economy grew at an even slower pace in the first half of the year than was previously estimated, raised yet...
View ArticleMortgage Outlook for Week of August 1, 2011
Mortgage rates were suppressed last week by jittery markets focused on the ongoing debt ceiling debate. While there is a talk of a debt ceiling resolution this morning, there are still concerns about...
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