Little Change in Mortgage Rates

Mortgage Market News for the week ending November 16, 2012. There was little market moving news for mortgage rates this week. Little apparent progress was seen regarding the US fiscal cliff or the debt troubles in Europe. Since it’s extremely difficult to estimate the impact of Hurricane Sandy, investors did not give much weight to…

Rates Improve After Obama Victory

Mortgage Market News for the week ending November 9, 2012. Two major factors were positive for mortgage rates this week. President Obama won the election, and concerns about Europe increased. As a result, mortgage rates ended the week lower. The conventional wisdom was that an Obama victory would be positive for bonds and negative for…

Job Gains Exceed Expectations

Mortgage Market News for the week ending November 2, 2012. Mortgage-backed securities trading handled the issues caused by Hurricane Sandy without any major disruptions. Stronger than expected economic data also had little impact, and mortgage rates ended the week with little change. Friday’s Employment report showed that the economy added roughly twice as many jobs…