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…
Mortgage Market News for the week ending March 1, 2013. The biggest influence on mortgage rates this week came from the Italian election, which reignited investor concerns about Europe and prompted a flight to safer assets. Fed Chief Bernanke continued to show strong support for the Fed’s bond buying program, which was also positive for…
Mortgage Market News for the week ending February 22, 2013. It was a quiet week for mortgage rates. Most of the economic data came in close to expectations and the Fed Minutes contained no major surprises. As a result, mortgage rates ended the week just slightly higher. The primary message that investors received from the…