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The Deal on Mortgage Rates This Week – May 14, 2012

Conforming mortgage rates edged higher last week.

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Homes Get More Affordable On March Jobs Data

Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs.

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Fewer Jobless Claims Suggests Higher Home Prices Ahead

Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they’re right, the housing market is ripe for a boost.

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Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move.

If you’re floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET.

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The Deal on Mortgage Rates This Week – November 7, 2011

Mortgage markets improved last week as optimism for a Greek Bailout program faded. Rates are back near their lowest levels of the year.

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The Deal on Mortgage Rates This Week – October 24, 2011

Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points.

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The Deal on Mortgage Rates This Week – September 12, 2011

Mortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row.

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Strong Job Growth In July Trumped By Credit Downgrade

The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors.

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A Mortgage Rate Strategy For July’s Jobs Report

At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you’ve been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day.

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Retail Sales Rise For 12th Straight Month In June

The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing.

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The Deal on Mortgage Rates This Week – July 11, 2011

Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week’s two big stories were the same two stories roiling mortgage markets since March — Greece and Jobs.

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Mid-Year Review : Were The Experts Right About The Market?

The year is half-over. It’s an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the “experts” can be wrong as often as they are right.

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Economy Expected To Have Added 80,000 Jobs In June

Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot.

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The Deal on Mortgage Rates This Week – June 6, 2011

Mortgage markets improved last week, carried by the same stories that have led markets better since April. Worries of a Eurozone sovereign debt default mounted, and the U.S. economy’s revival showed itself to be slower than originally anticipated.

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Making A Rate-Lock Plan Before Friday’s Jobs Report

Tomorrow morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its Non-Farm Payrolls report for May. If you’re floating a mortgage rate right now — or are in the process of shopping for a loan — consider locking in.

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The Deal on Mortgage Rates This Week – May 31, 2011

Mortgage markets improved last week ahead of Memorial Day and a 3-day weekend. Bond pricing ending the week higher, pushing conforming mortgage rates down for the 5th week out of six.

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Lock Now? Friday’s Job Report Expected To Push Mortgage Rates Up.

Friday, analysts expect to count another 190,000 jobs created. If the actual figure falls short, expect mortgage rates to ease. Otherwise, look for rates to rise. Probably by a lot.

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The Deal on Mortgage Rates This Week – March 28, 2011

Mortgage markets worsened last week as nuclear meltdown concerns eased across Japan, and the war within Libya moved closer to a potential finish.

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The Deal on Mortgage Rates This Week – February 28, 2011

Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.

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The Deal on Mortgage Rates This Week – January 31, 2011

Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall.

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December’s Job Report : Good For Home Affordability

For this month — and for the rest of 2011– employment data will figure big in mortgage markets and for home affordability. Today’s release is the first big splash.

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The Deal on Mortgage Rates This Week – January 3, 2011

Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. This week, it’s back to normal.

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The Deal on Mortgage Rates This Week – December 27, 2010

Mortgage markets worsened again last week as the holiday-shortened sessions did little to buck recent momentum.

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Mortgage Rates Rapidly Rising On Jobs Data; More Risk Ahead For Friday

Mortgage rates are rising, up nearly 1 percent since mid-October. Tomorrow, rates could rise again.

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The Deal on Mortgage Rates This Week – November 8, 2010

Huge gains and losses characterized day-to-day trading last week. Overall, however, conforming mortgage rates improved.

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Today’s Jobs Report Will Keep Mortgage Rates Highly Volatile

Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.

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The Deal on Mortgage Rates This Week – October 12, 2010

This week, there’s a number of releases that should keep mortgage rates on the move — up and down — including Fed Minutes (Tuesday), Producer Price Index (Thursday), and Consumer Price Index, Retail Sales and a confidence survey (Friday).

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Jobs Data Shows Private Sector Growth, Hints At Stable Mortgage Rates

According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates should improve on the data today.

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August 2010 Jobs Report Pushes Mortgage Rates Higher

On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior. 54,000 jobs were created in August.

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Float Your Rate into Friday’s Jobs Report

Analysts expect that a net 65,000 jobs were lost in July. Wall Street — and Main Street — have a big interest in those results.

Friday’s July Jobs Report Could Spur Mortgage Rates Higher

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June’s Jobs Report Wasn’t As Bad As The Headlines (And How You Can Take Advantage)

At first glance, the June jobs report looks weak but a deeper look shows something different.

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May 2010 Jobs Report Gives A Temporary Boost To Home Affordability

According to the government, 431,000 jobs were created in May, but of those new jobs, 95.4 percent represented temporary staffing for the 2010 Census. Home affordability is improving on the report.

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Markets Ignore The April Jobs Report And It’s Good News For Mortgage Rates

Despite 290,000 jobs created in April 2010 — nearly twice the expected amount — and a 40 percent upward revision of March’s numbers, mortgage rates are essentially unchanged. In a normal environment, rates would be higher. Today is not normal.

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The Deal on Mortgage Rates This Week (May 3, 2010)

Mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming mortgage rates to their lowest levels in 6 weeks.

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