Posts Tagged: mortgage mn

[Mortgage Minute] Week of May 30, 2016

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Hot Housing Market, Strong Durable Goods = Rake Hike Coming Soon The market for both previously owned homes and newly built homes saw their best activity in years. Improved labor market conditions and low mortgage rates are a great combination to support a very active housing market.

[Mortgage Minute] Week of Apr. 4, 2016

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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.

[Mortgage Minute] Week of Feb. 8, 2016

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Wage Growth is Lone Bright Spot Against a consensus forecast of 190K, the economy added 151K jobs in January. This was down from average gains of about 280K over the prior three months. The unemployment rate declined from 5.0% to 4.9%, the lowest level since February 2008.

[Mortgage Minute] Week of Jan. 11, 2016

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Overseas Issues Push Rates Lower Several events caused investors around the world to shift their holdings to safer assets. On Monday, Saudi Arabia cut diplomatic ties with Iran, raising tensions between these two major powers in the Middle East.