Last week saw mortgage rates sliding downward, as a few big concerns began weighing heavily on the market.  Economic news continues to highlight a very muted recovery, but fears of a double-dip recession were fanned by events in Washington.  While bank-bashing has become a popular pastime, the Obama administration took it one step further with [...]

Long-term mortgage rates moved down slightly last week as some of the recent optimism regarding the economy waned.  While industrial output increased a solid 0.6%, the increase was due to utility output related to the frigid weather gripping much of the nation.  Retail sales dropped by 0.3%, which was quite shy of the 0.5% increase [...]

Mortgage rates halted their four-week upward climb last week as the New Year began.  The jobs lost number last week did disappoint some, with 85,000 jobs lost.  However, November’s numbers were revised to show a net gain of 4,000 jobs.  This is the first month of job growth in two years.  Other economic indicators also [...]