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Monday Market Commentary

Monday Market Commentary: The week that was and the week to come

by Alex Stenback 02.07.2011

Last Week: Mortgage rates had a rough week as the markets shrugged off a dismal employment report to push rates higher.  Improving economic data, fear of inflation and fear of the oncoming supply of new bonds were the prime drivers, and rates closed Friday at least .25 – .375% higher than they began the week [...]

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Monthly Realtor Stat Dump Feb 2010: Year Over Year Increases Lead

by Alex Stenback 03.10.2010

It’s that time of the month (where the local Realtor orgs disgorge all the sales and market stats from the previous month.) [Explanatory note: Both Minneapolis and Saint Paul report stats for the entire Metro Area, so their information is basically the same, but it is interesting to note the different spin each org puts [...]

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Monday Market Commentary March 1st, 2010: Tracking Mortgage Rates and What Moves Them

by Alex Stenback 03.01.2010

Graphic via Jake @ Econompic Data (emphasis mine) Last week: The mortgage market rallied last week – benchmark 30 year fixed rates shed roughly .25% with most lenders. That’s the good news. Bad news is that the improvement was mostly driven by a series of (unexpectedly) glum economic reports.  New and existing home sales dropped in [...]

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Monday Market Commentary February 22nd 2010: Where Mortgage Rates Are Headed

by Alex Stenback 02.22.2010

Last Week: 30 year mortgages swung higher by roughly .25% in rate last week with most lenders – the increase was caused primarily by a fresh round of “my god inflation is going to destroy us all” worries sparked by some tough talk from the Fed (via the minutes rom last FOMC conclave) and one-off speeches [...]

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Monday Market Commentary February 8th, 2010: Where Mortgage Rates are Headed

by Alex Stenback 02.08.2010

Last Week: 30 year mortgage rates improved slightly just about everywhere last week as a volatile stock market and improving but still fairly depressing employment report (employment rate dropped to 9.7%, but revisions to prior reports “found” another 1 Million jobs that were lost in 2009.) This Week: What the economic calendar lacks in volume [...]

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Monday Market Commentary Feb 1st, 2010: Where are Mortgage Rates Headed

by Alex Stenback 02.01.2010

Last Week: The mortgage market suffered through some serious mid-week volatility, but from market close on Monday to market close on Friday, benchmark 30 year rates were unchanged.Yet another reason not to get too wrapped up in the day-to-day swings of the market.  Against the backdrop of a Fed meeting, State of the Union address, and [...]

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Monday Market Commentary January 11th 2010: Where are Mortgage Rates Headed?

by Alex Stenback 01.11.2010

Last Week: The mortgage market put in a two day rally early in the week, which brought rates down .125-.25% from their near-term high set on December 28th.  Welcome news for those that have watched rates creep higher since the end of November.  Later in the week, the market gave back some gains, and rates [...]

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