Last week saw mortgage rates again staying mostly flat with some mixed economic news.  GDP for the last quarter of 2009 was revised downward to 5.6%, which was still a good improvement over previous quarters.  Housing numbers were down again, giving some analysts concern about how housing will fair over the next few months, especially [...]

According to some analysts, mortgage rates again “wandered about aimlessly” last week.  It is becoming more apparent that the current economic recovery will be a very slow and muted affair, at least for the time being.  With manufacturing issues appearing to cool, consumers remaining on the sidelines, and, in last week’s PPI and CPI, inflationary [...]

Last week saw mortgage rates again holding steady, as investors balanced economic news and the pending end to the Federal Reserve’s campaign of buying mortgage debt.  Economic news was a bit light last week, and many appeared to be waiting for this week for insight into the economy and rates.
Markets will have plenty to digest [...]

Last week saw mortgage rates holding relatively steady even though the first-of-the month cascade of data revealed a bit more hope for the budding economic recovery.  While the ISM Manufacturing Index did tick downward to 56.6, it remains firmly above 50, which indicates that manufacturing is continuing to expand.  The ISM Services Index climbed to [...]

Much of the optimism about the pace of economic recovery evaporated last week, as economic news turned mostly sour.  Consumer confidence plunged, and both new, and existing, home sales slowed considerably.  While mortgage rates moved upward in last week’s Freddie Mac survey, they may begin trending downward if economic news this week continues to point [...]