Looking Ahead to Fed Meeting

Mortgage Market News for the week ending June 14, 2013. Shifting investor expectations about the timing of Fed tightening worked in favor of mortgage rates this week. The economic data released this week had little impact. As a result, mortgage rates ended the week a little lower. The Fed has used two primary approaches to…

Jobs Data on Target

Mortgage Market News for the week ending June 7, 2013. This week, investors were focused on Friday’s monthly Employment report. A high degree of volatility preceded the report, but the net result of the large daily movements was just a small increase in mortgage rates for the week. Against a consensus forecast of 165K, the…