Posts Tagged: minnesota mortgage

[Mortgage Minute] Week of May 2, 2016

Posted by & filed under Industry Updates.

Soft Fed Statement Helps Rates The big event last week was Wednesday’s Fed meeting. A dovish Fed statement was positive for mortgage rates. The additional economic data released over the past week closely matched expectations, so it had little impact. Mortgage rates ended the week slightly lower.

[Mortgage Minute] Week of Apr. 4, 2016

Posted by & filed under Industry Updates.

Yellen Speech is Music to Market’s Ears Despite the release of a wide range of major economic data, a speech from Fed Chair Yellen had the biggest influence on mortgage rates over the past week. Her comments were favorable for both stocks and bonds, and mortgage rates ended the week lower.