Last week saw mortgage rates trending slightly further downward.  The Federal Reserve again held interest rates steady, but changed their assessment of the economy.  While its assessment is less positive than in previous meetings, the Fed appears to still have faith the economy will slowly pull itself out of this recession, but noted that “the [...]

Long-term mortgage rates barely moved last week after receiving additional confirmation that inflation is tomorrow’s problem.  Both the Producer and Consumer Price Indices indicated that inflationary pressures remain very low.  While there is some slightly elevated pressure deep in the wholesale side of the economy, very little has been passed through to consumers in recent [...]

Mortgage rates moved slightly downward last week as analysts digested the continued fallout from the Euro-zone debt crisis and the moderating recovery in the US.  While most believe that the risk of a “double-dip” recession is small, there is ample evidence that this recovery will be very slow.  The Fed’s Beige Book probably painted the [...]

Mortgage rates held mostly steady last week as markets continued to be concerned with the debt crisis in Europe.  Economic news was mostly positive, but the labor report certainly disappointed many.  While the unemployment rate did drop to 9.7%, part of that decrease was due to a sizeable number of jobseekers who stopped looking for [...]

Mortgage rates again moved downward as European debt concerns continued to mount.  In addition to Greece’s issues, Spain saw its debt downgraded last week.  All of this continues to drive a major international “flight-to-quality” with US treasuries seen as one of the safest places to stash money.  Economically, our recovery does appear to be gaining [...]