Central Banks Aid European Banks Big News for the European Economy, Raises Mortgage Rates …. Investors grew a little less concerned about Europe during the week, which was favorable for the stock market but negative for mortgage rates. This week’s inflation data also was unfavorable… Read Full Article Share FacebookTwitterLinkedIn
President Obama’s jobs package matched expectations Little Change in Rates This week’s economic news contained few surprises. Fed Chief Bernanke gave no indication of policy changes and President Obama’s jobs package matched expectations. As a result, mortgage rates ended the week with little change, remaining at… Read Full Article Share FacebookTwitterLinkedIn
No Surprises from Bernanke It was another volatile week for mortgage rates. The primary factors influencing rates roughly offset each other, though, and mortgage rates ended the week just a little higher. A wide range of economic news caused investors to either add or… Read Full Article Share FacebookTwitterLinkedIn
Inflation Climbs Concerns about the pace of global economic growth continued to drive financial markets, causing investors to shift to less risky assets. This trend was favorable for mortgage rates, which ended the week lower. Debt troubles in Europe, worries about the… Read Full Article Share FacebookTwitterLinkedIn
Wild Week In one of the most volatile weeks ever seen, important economic news came out every day and produced major reactions in financial markets. Investor uncertainty is extremely high, amplifying the price movements. As stock prices fluctuated wildly, so did mortgage… Read Full Article Share FacebookTwitterLinkedIn
Lowest Rates of the Year Early in the week, an agreement to raise the US debt ceiling was reached, avoiding a default on government debt, but investors found little time for relief. Concerns about debt problems in Europe and the slow pace of global economic… Read Full Article Share FacebookTwitterLinkedIn