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Economic Update - Uptick in Inflation

Published on: 01/16/2017

President-elect Trump’s press conference on Wednesday created a positive reaction for mortgage rates early in the week, but Friday's surprising rise in inflation was negative. The net effect was that ... Continue Reading »

Special Edition - Martin Luther King Jr. Day is Monday, January 16

Published on: 01/12/2017

In 1994, Congress designated Martin Luther King Jr. Day as a national Day of Service. Continue Reading »

Economic Update - Outlook for Inflation Rises

Published on: 01/12/2017

A surprising rise in wage inflation was negative for mortgage rates, while President-elect Trump’s first press conference, held Wednesday, January 11, created a positive reaction. Continue Reading »

Economic Update - End-of-Year Boost

Published on: 01/05/2017

Over the past week, end-of-year portfolio adjustments appeared to have the most influence on mortgage rates. Continue Reading »

Economic Update - Confidence Rises

Published on: 01/02/2017

Over the final week of the year, light trading volume caused a little intraday volatility, but overall it was a relatively quiet week. Mortgage rates recovered some of their recent losses and ended ... Continue Reading »

Economic Update - Confidence Jumps

Published on: 12/29/2016

Over the past week, light trading volume caused a little intraday volatility for mortgage rates, but overall it was a relatively quiet week. Mortgage rates ended the week with little change. Continue Reading »

Economic Update - Calmer Market

Published on: 12/26/2016

The mortgage market has calmed down somewhat since last week’s Fed meeting, which caused a negative reaction for mortgage rates. Neither the Bank of Japan meeting early this week nor the recent ... Continue Reading »

Economic Update - Multi-Year Highs in Housing

Published on: 12/22/2016

The mortgage market has calmed down somewhat since last week’s reaction to the Fed meeting. Continue Reading »

Economic Update - Mortgage Rates Rise after Fed Meeting

Published on: 12/19/2016

The Fed’s 25 basis-point increase in the federal funds rate was widely anticipated. Continue Reading »

Special Edition - Happy Holidays!

Published on: 12/18/2016

Best wishes for a wonderful Holiday Season and a very happy New Year! Continue Reading »

Economic Update - Fed Changes Hurt Mortgage Rates

Published on: 12/15/2016

Wednesday’s U.S. Fed meeting was bad for mortgage rates. Recent economic data had little impact. As a result, mortgage rates ended the week higher. Continue Reading »

Product Focus - Self-employed Borrowers May Qualify to Buy with Their Most Recent Tax Return

Published on: 12/12/2016

Self-employed borrowers can use their most recently filed tax returns to qualify for a home loan. This is a change from most programs, which require returns from the previous two years, using an ... Continue Reading »

Economic Update - Consumer Sentiment Surges

Published on: 12/12/2016

Over the past week, Friday’s consumer sentiment data was unfavorable for mortgage rates. Thursday’s European Central Bank (ECB) meeting caused offsetting movements and had little net effect. Sunday's ... Continue Reading »

Economic Update - Inflation Concerns Ease

Published on: 12/08/2016

Over the past week, investors received inflation data which was favorable for mortgage rates... Continue Reading »

Economic Update - Mixed Inflation News

Published on: 12/05/2016

The daily movements in mortgage rates were large over the past week. Continue Reading »

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