Job Gains Fall Short

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Mortgage Market News for the week ending April 5, 2013. A wide range of economic news was favorable for mortgage rates this week. The Employment data was weaker than expected, Japan expanded its bond-buying program, and tensions with North Korea increased. As a result, mortgage rates ended the week significantly lower. Friday’s Employment report was…

Bailout for Cyprus?

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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…

Retail Sales Surge

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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…