Mortgage rates moved little last week, even as economic data released during the week was slightly better than expected.  Optimism that the economy may be getting some solid footing and moving from a technical recovery to a more broad-based recovery seems to be growing.  The two largest areas that continue to hold out are the [...]

Last week’s economic data continued to be mostly positive, but mortgage rates slid downwards.  This manufacturing-lead recovery continues to maintain its pace, with Industrial Production numbers revealing solid gains for manufacturing and mining issues.  While the housing and labor market will likely be a major drag on the recovery for some time, retail sales did [...]

Mortgage rates began heading upward last week as markets continued to digest the positive economic news from the previous week, and reacted to more positive news last week.  The ISM Services Index rose sharply last week on the heels of a larger than expected increase in the ISM Manufacturing Index.  While manufacturing has lead much [...]

Last week saw mortgage rates move slightly upward as some more signs of economic recovery appeared.  The esteemed ISM Manufacturing Index surged to 59.6, the best reading since 2004, suggesting that manufacturing will not be tapering off as some analysts had feared.  Consumer Confidence also moved upward, but still remains low compared to better economic [...]