Mortgage Market News for the week ending March 22, 2013. News of a Cyprus bank bailout proposal caused a flight to safety early in the week which helped mortgage rates. Investors then viewed the Fed statement released on Wednesday as negative for mortgage rates. The two factors roughly offset each other, and mortgage rates ended…
Mortgage Market News for the week ending March 15, 2013. The economic growth data released this week was mostly stronger than expected, which normally would push mortgage rates higher. After a large increase last week following strong Employment data, however, rates instead recovered some ground and ended the week a little lower. This week’s economic…
Mortgage Market News for the week ending March 8, 2013. Unexpected strength in the labor market was seen this week. The good economic news lifted the Dow stock index to a record level, but it also pushed mortgage rates higher. Mortgage rates climbed on the days leading up to Friday’s Employment report and rose even…