Retail Sales Increase

Mortgage Market News for the week ending February 15, 2013. Improving economic growth in the US was negative for mortgage rates this week. This was mostly offset by weakness in Europe and Japan, however. As a result, mortgage rates ended the week just a little higher. The biggest US economic report released this week was…

Trade Deficit Shrinks

Mortgage Market News for the week ending February 8, 2013. Following last week’s packed schedule, there was far less major economic news this week. The global economic data that was released was generally a little stronger than expected. This was negative for mortgage rates, which ended the week a little higher. The biggest surprise in…

Unemployment Rate Rises

Mortgage Market News for the week ending February 1, 2013. In a week packed with big economic news, investors feared that the trend toward higher mortgage rates seen this month would continue. The risk that the Fed might signal a scaling back of its MBS purchases concerned investors. In the end, though, a neutral Fed…