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The Mortgage Rate Limbo Continues

Written by: - August 13, 2010

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13 Aug 2010 – I have Calypso music in my ears this week as my fingers dance around the keys. The mortgage limbo dance has continued with lending rates once again reaching record lows this week. In short, rates have never ever in the recorded history of rates been this low. To put it in […]

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A New Low in Mortgage Rates

Written by: - August 6, 2010

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6 Aug 2010 – As I begin this week’s commentary, I think to myself “does it make sense to write the same thing week after week?” I feel that I risk becoming like Ben Stein in Ferris Bueller’s Day Off droning on to a disinterested audience, but, then again, this continued low rate environment offers […]

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Mortgage Rates Remain Extremely Low

Written by: - July 30, 2010

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30 July 2010 – As I look back over this and the last few weeks from a rate perspective, I think of the French saying “plus ça change, plus c’est la même chose.”  It says that the more things change, the more they stay the same and this sentiment definitely applies for mortgage rates.  In short, rates remained extremely low […]

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Rates Tick Up In Wake of Wall Street Rally – Lock or Float

Written by: - July 23, 2010

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23 July 2010 –Rates began the week coming off the lowest mortgage rates we have seen to date, so things could not have gotten much better. Economic news was generally favorable with good earnings data for many companies across several industries, which helped equities markets. This had an adverse effect on mortgage rates to the […]

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Mortgage Rates Retreat Further—They’re Officially Ridiculously Low

Written by: - July 16, 2010

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16 July 2010 –I must admit that sometimes I feel like the guy at the craps table betting against the come. The one who revels in repeated cold streaks as he scrapes stacks of chips from the table while everyone else loses. When I feel this guilt, however, I just remember that the scourge of […]

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Mortgage Rates Largely Unchanged This Week

Written by: - July 9, 2010

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9 July 2010 – This was a short week in the markets following the Independence Day weekend. Mortgage rates were, for the most part, unchanged with a minor increase over the past several days due to a rally in equities predicated on positive jobs and retail sales figures. Additionally, there has been an optimistic atmosphere […]

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Tax Credit Extended and Interest Rates at Record Lows

Written by: - July 2, 2010

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July 2nd, 2010 It’s beginning to feel like Groundhog Day in the mortgage world. Unbelievably, rates have continued to drop. Once again the equities markets have under-performed and the resulting flight to quality is fueling demand for U.S. Treasuries and, in turn, mortgage backed securities. Record or near record lows have been the norm for […]

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RATES PLUMMET TO NEW LOWS

Written by: - June 25, 2010

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25 June 2010 – During my time in Colorado, I used to do a lot of skiing and, while it has been many years since strapping two boards to my feet and zipping down a hill, I felt the same sensation this week as rates plummeted to extreme lows. Starting the week generally flat, rates […]

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Interest Rates Dip At End of Week

Written by: - June 18, 2010

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18 June 2010 – All in all, this was a truly uneventful week for mortgage rates. This, however, was a good thing. Rates began the week higher than last week and, for most of the week, there was a substantial stock rally that could have been problematic for rate watchers. Luckily, rates remained flat and […]

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Mortgage Rates Still Low and Other Mortgage News

Written by: - June 11, 2010

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11 June 2010 – Rates were on the rise toward the end of this week after starting at 2010 lows. Still reeling from last week’s jobs reports that showed a heavy concentration in temporary 2010 Census jobs, the equities markets suffered early Monday. The ensuing flight to quality that continued through Wednesday kept rates very […]

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Mortgage Rates Flat and Very Low

Written by: - June 4, 2010

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4 June 2010 – Coming out of the Memorial Day weekend, mortgages were, for the most part, flat this week. There was no shortage of economic data, however, with reports on mortgage applications from the Mortgage Bankers Association and pending home sales from the National Association of Realtors. Additionally, the Labor Department issued job growth […]

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Fed. Home Buyer Tax Credit Extended for Service Members

Written by: - June 1, 2010

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1 June 2010 – The Federal Homebuyer’s Tax Credit has been extended for servicemen and women, as well as federal employees who served abroad in 2009. As with the Federal Homebuyer’s Tax Credit that just expired for the general public, this represents a way to save between $6,500 and $8,000 on the purchase of a […]

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A Slow Steady Upward Climb

Written by: - May 28, 2010

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May 28th, 2010 This week was marked by a reversal of the recent declining trend and higher rates by the end of the week. While they did not shoot into the stratosphere, rates did move steadily up as optimistic and opportunistic investors began to move money back into the equities markets. The main economic data […]

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