Quiet Week

Mortgage Market News for the week ending January 11, 2013. Following last week’s burst of major economic headlines, which were mostly negative for mortgage rates, there was very little market moving news this week. Mortgage rates reversed a portion of last week’s increases, ending the week a little lower. After last week’s fiscal cliff deal,…

Mortgage Rates Move Higher

Mortgage Market News for the week ending January 4, 2013. The year began on a rough note for mortgage rates. A one-two combination of a fiscal cliff deal and unfavorable news from the Fed caused mortgage rates to end the week sharply higher. The economic data released this week generally came in close to expectations.…