| 1. | Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up
Mortgage rates have tumbled more than a third of a point over the past six weeks, retreating back to where they were in mid-April., Our new survey of major lenders found the average cost for a 30-year fixed-rate loan – the most popular way to pay for a house – fell to 6.57% from 6.65% last week., ..
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| Article XML Feed | | - Wednesday, August 09, 2006 |
| | 2. | Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up
Mortgage rates have tumbled more than a third of a point over the past six weeks, retreating back to where they were in mid-April., Our new survey of major lenders found the average cost for a 30-year fixed-rate loan – the most popular way to pay for a house – fell to 6.57% from 6.65% last week., ..
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| Article XML Feed | | - Wednesday, August 09, 2006 |
| | 3. | Mortgage rates fell again this week -- could the peak be past?
Mortgage rates have plunged more than a quarter of a point over the past five weeks, retreating back towards where they were in late April and early May., Our latest survey of major lenders found the average cost for a 30-year fixed-rate loan – the most popular way to pay for a house – fell to 6.65% this week. That’s 0.12 percentage points lower than last week and 0.27 percentage points below the peak ..
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| Article XML Feed | | - Wednesday, August 02, 2006 |
| | 4. | Mortgage rates keep falling this week . Could they have peaked after steadily increasing for two years?
Mortgage rates have plunged more than a quarter of a point over the past five weeks, retreating back towards where they were in late April and early May., Our latest survey of major lenders found the average cost for a 30-year fixed-rate loan – the most popular way to pay for a house – fell to 6.65% this week. That’s 0.12 percentage points lower than last week and 0.27 percentage points below the peak ..
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| Article XML Feed | | - Wednesday, August 02, 2006 |
| | 5. | Mortgage rates keep falling this week . Could they have peaked after steadily increasing for two years?
Mortgage rates have plunged more than a quarter of a point over the past five weeks, retreating back towards where they were in late April and early May., Our latest survey of major lenders found the average cost for a 30-year fixed-rate loan – the most popular way to pay for a house – fell to 6.65% this week. That’s 0.12 percentage points lower than last week and 0.27 percentage points below the peak ..
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| Article XML Feed | | - Wednesday, August 02, 2006 |
| | 6. | Mortgage rates dropped a lot this week. Could the two year climb be over?
Mortgage rates plunged more than a tenth of a percentage point this week, retreating back towards where they were in May and early June., Our latest survey of major lenders found the average cost for a 30-year fixed-rate loan – the most popular way to pay for a house – fell to 6.77% this week, after holding around 6.9% for the past month., ..
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| Article XML Feed | | - Wednesday, July 26, 2006 |
| | 7. | Mortgage rates remain at higher levels
U.S. Treasury securities rebounded a bit on Wednesday, after three days of selling that saw the yield on the benchmark 10-year note hit its highest level in almost two years. Buyers came back to Treasuries today after two Fed officials, in separate sBy the time the bond markets closed, Treasury yields had edged downward a little further. This, however, has not yet influenced mortgage rates, which continue to inch upward., ..
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| Article XML Feed | | - Wednesday, April 05, 2006 |
| | 8. | Mortgage rates continue moving upward
Yields on U.S. Treasury securities, which move in the opposite direction of prices, backed off their highs on Tuesday, but not enough to force mortgage rates down. The rate on a 30-year fixed is at its highest level since May 2004, and it would likelWall Street bullish on earnings, ..
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| Article XML Feed | | - Tuesday, April 04, 2006 |
| | 9. | Mortgage rates on the rise
Fresh signs that inflation is on the rise kept sellers busy in the U.S. Treasury securities markets on Thursday. Traders continued to unload bonds as the prospect of further rate hikes loomed, sending Treasury prices tumbling further as their yields,Today's release of fourth-quarter gross domestic product, or GDP, put additional pressure on Treasuries. Although the final revision edged up to an expected 1.7 percent, core consumer inflation - one of the Fed's favorite inflation indicators..
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| Article XML Feed | | - Thursday, March 30, 2006 |
| | 10. | Mortgage rates in post-Fed climb
Mortgage rates moved up on Wednesday in response to the major sell-off in U.S. Treasury securities on Tuesday. Treasury yields, which move in the opposite direction of prices, hit their highest levels in almost two years after traders learned yesterdThe fact that there was no economic news released today left traders to focus on their disappointment with the Fed statement and a so-so auction of five-year notes did nothing to improve their spirits. Indirect buyers, which are heavily relied on for..
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| Article XML Feed | | - Wednesday, March 29, 2006 |
| | 11. | Treasuries plunge, yields climb, rates hold
Yields of U.S. Treasury securities climbed sharply when the Federal Open Market Committee, or FOMC, raised short-term interest rates another 25 basis points -- for the 15th consecutive time. Although the rate hike was fully expected, the accompanyingWhile the Fed admitted that 'the run-up in the prices of energy and other commodities appears to have had only a modest effect on core inflation (and) ongoing productivity gains have helped to hold the growth of unit labor costs in check, and inf..
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| Article XML Feed | | - Tuesday, March 28, 2006 |
| | 12. | Fed hikes rates for 15th time
The Federal Open Market Committee, the policy-making arm of the Federal
Reserve Bank, raised the Fed funds target rate to 4.75 percent. This was
the 15th consecutive rate increase by the Fed since it began elevating
rates at its June 30, 2004 meetThe accompanying statement began by stating that inflation is currently
contained, but that due to rising energy costs and other price
pressures, further firming may be needed. This was in keeping with Fed
chairman Ben Bernanke's previous stat..
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| Article XML Feed | | - Monday, March 27, 2006 |
| | 13. | Mortgage rates unmoved by rally
A steep decline in February new home sales sparked a huge rally in U.S. Treasury securities on Friday. The report filled bond traders with hope that this latest and very graphic sign that the economy is slowing would influence the Fed to halt its ratAlthough the drop in home sales lit up Treasuries, an earlier report on durable goods got traders in the mood to buy. Orders for durable goods, big-ticket items meant to last more than three years, doubled expectations in February, rising 2.6 percent..
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| Article XML Feed | | - Friday, March 24, 2006 |
| | 14. | Mortgage rates holding
U.S. Treasury securities headed up early Thursday, capitalizing on strength in the European bond markets. But a huge increase in existing home sales put thoughts of a softening housing market on hold and raised concerns about future rate hikes that cSelling was rampant, with prices falling and yields, which move in the opposite direction of prices, rising across the board. Traders may be extra-sensitive to economic news due to the proximity of the Fed meeting, which occurs Tuesday, March 28. Fir..
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| Article XML Feed | | - Thursday, March 23, 2006 |
| | 15. | Mortgage rates solid as a rock
U.S. Treasury securities rebounded early Wednesday from Tuesday's sell-off, with yields above 4.7 percent attracting buyers. But because yields move in the opposite direction of prices, yields began moving down and buyers left. Sellers took over,The yield-curve inversion - when the yield on a two-year note is higher than the yield on the 10-year note - steepened today, but this is not big news; it was when it happened several weeks ago. It was commonly believed that this occurrence could sig..
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| Article XML Feed | | - Wednesday, March 22, 2006 |
| | 16. | Mortgage rates begin to rise
Monday's gains by U.S. Treasury securities evaporated on Tuesday due to a flare-up in inflationary pressures and concern about future Fed rate hikes, as indicated by Fed Chairman Ben Bernanke in his speech last night in New York City., Treasuries opened to the upside on news that the producer price index, or PPI, had taken a dive in February -- a sign that inflation at the wholesale level was under control. But a look at the core rate, which is what the Fed watches, showed signs of..
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| Article XML Feed | | - Tuesday, March 21, 2006 |
| | 17. | Mortgage rates remain steady
U.S. Treasury securities bounced back from Friday's sell-off, putting up some good numbers on Monday. Bond traders are cautiously optimistic about Fed chairman Ben Bernanke's speech tonight in front of the Economics Club of New York. The chaiA 25-basis-point rate increase is carved in stone for the March 28 meeting, but beyond that the jury is out. Last week the markets turned bullish on the prospect the Fed would halt its rate hike program after the end-of-month meeting. Buying in Treas..
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| Article XML Feed | | - Monday, March 20, 2006 |
| | 18. | Mortgage rates in holding pattern
Overnight selling in U.S. Treasuries after Thursday's big rally pushed prices down and yields, which move in the opposite direction, up, as the markets opened on Friday. This flurry of profit-taking by foreign investors kept prices down, but TreaIndustrial production in February rose 0.7 percent, which was a tad lower than the predicted 0.8 percent increase, but much better than the 2 percent decline in January. Part of the increase was due to the colder weather that boosted production in ut..
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| Article XML Feed | | - Friday, March 17, 2006 |
| | 19. | Mortgage rates begin to edge down
A benign reading on consumer prices in February sparked the biggest rally U.S. Treasuries securities have seen for some time. On Thursday, the yield on the benchmark 10-year note, which moves in the opposite direction of price, fell to its lowest levThe February consumer price index, or CPI, was the catalyst for strong buying in Treasuries. The CPI, which looks for inflation in retail prices, rose only 0.1 percent, as did the core rate, which excludes volatile food and energy prices. Not only di..
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| Article XML Feed | | - Thursday, March 16, 2006 |
| | 20. | Mortgage rates unmoved
U.S. Treasury securities gave back some of yesterday's gains on Wednesday thanks to an unexpectedly strong report on manufacturing activity. Bond traders took this report as a signal that the Fed might have to be aggressive with rate hikes if it Treasuries opened to the downside and slipped further when the Federal Reserve's New York Empire State index on March manufacturing conditions came out. The index shot up to 31.2 -- the highest level since July 2004 - when pundits were expecting..
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| Article XML Feed | | - Wednesday, March 15, 2006 |
| | 21. | Treasury yields dip, mortgage rates don't
Weak retail numbers for February rallied U.S. Treasuries securities on Tuesday for the first time in five sessions. A broad-based slide in sales kindled a glimmer of hope that the Fed might be persuaded to relax its rate-hike efforts. In addition, MeSteady buying in Treasuries sent prices up and their yields, which move in the opposite direction of prices, down. The yield on the benchmark 10-year note closed at 4.7 percent - its lowest in 10 days. The dip in yields, which are used to set rates, ..
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| Article XML Feed | | - Tuesday, March 14, 2006 |
| | 22. | Mortgage rates remain at higher levels
Yields on U.S. Treasury securities remained high on Monday, as bond traders found little reason to buy. With no economic reports for guidance, Treasuries sold modestly in the aftermath of Friday's stronger-than-expected employment report. A tighWall Street tries for big gains but fails, ..
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| Article XML Feed | | - Monday, March 13, 2006 |
| | 23. | Mortgage rates hold high on employment numbers
The addition of a stronger-than-expected 243,000 jobs to nonfarm payrolls in February sparked strong selling in U.S. Treasuries securities on Friday. This was the highest number of jobs added since November, and it supported the Fed's rate-hike pThe February employment report showed significant job growth, which beat the forecast for 210,000 new jobs. Hourly wages, however, came in on target, rising 0.3 percent or 5 cents an hour to $16.47. The unemployment rate in February edged up to 4.8 p..
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| Article XML Feed | | - Friday, March 10, 2006 |
| | 24. | Mortgage rates remain high
U.S. Treasury securities traders were relieved Thursday by news that the Bank of Japan will not raise interest rates in the near future. Treasuries have sold heavily on the prospect that foreign banks would begin raising rates and the Fed would have Two economic reports had only modest impact on Treasuries. The U.S. trade deficit for January hit a new high, coming in at $68.5 billion -- higher than forecasts for $66.8 billion and far higher than the $65.1 billion recorded in December. Sharp incr..
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| Article XML Feed | | - Thursday, March 09, 2006 |
| | 25. | Mortgage rates steady
The yield curve on U.S. Treasury securities flattened on Wednesday, with the yield on the 10-year bond higher than that of the 2-year bond. This is the first time the yield curve has returned to 'normal' since January. An inverted yield curveFor the past few days bond traders have been gripped with fear that the global markets will be raising interest rates and the Fed will have to follow to remain competitive. Massive selling erupted and Wall Street also put together a string of losses ..
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| Article XML Feed | | - Wednesday, March 08, 2006 |
| | 26. | Mortgage rates hold at higher levels
U.S. Treasury securities finally got a break on Tuesday after a four-day sell-off. The bond markets opened under a cloud formed by heavy global selling of Treasuries that sent the yield on the benchmark 10-year note soaring to 4.8 percent. But buyersThe financial markets are wary about an escalation in interest rates on a global basis. The European Central Bank raised its rates on Monday and Canada followed today. The Bank of Japan meets on Thursday, and the markets will be riveted on the outcom..
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| Article XML Feed | | - Tuesday, March 07, 2006 |
| | 27. | Mortgage rates move up
Another session of frantic selling in U.S. Treasury securities sent yields, which move in the opposite direction of prices, up further on Monday. This is the fourth straight day of heavy selling in the bond markets. Traders have been consumed by a raAdding to the negative sentiment was the January report on factory orders, which, although negative, was stronger than expected. Orders were down 4.5 percent when analysts were expecting a 5.3-percent decline. The huge decrease in aircraft orders in ..
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| Article XML Feed | | - Monday, March 06, 2006 |
| | 28. | Mortgage rates creeping up
U.S. Treasury securities remained under the gun on Friday, with traders selling on concern that possible interest-rate hikes in the euro zone and Japan will dent investors' appetites for government debt. Worries of rate hikes heightened on news tSteady selling in Treasuries kept the yield, which moves in the opposite direction of price, on the benchmark 10-year note at its highest levels since June 2004. This has forced mortgage lenders, who base their rates on Treasury yields, to edge them ..
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| Article XML Feed | | - Friday, March 03, 2006 |
| | 29. | Mortgage rates on the rise
A major sell-off in U.S. Treasury securities on Thursday sent prices plunging and yields, which move in the opposite direction of prices, soaring. The yield on the benchmark 10-year note closed at 4.64 percent -- its highest level since June 2004. MoEarlier today, the ECB raised interest rates to 2.5 percent, its highest level in three years, in order to contain inflation. This parallels the Fed's rate hikes over the past 21 months. In addition, the ECB president touted economic strength in ..
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| Article XML Feed | | - Thursday, March 02, 2006 |
| | 30. | Mortgage rates carved in stone
U.S. Treasury securities gave back recent gains on Wednesday as an unexpected jump in a February manufacturing index reignited worries that Fed rate hikes might continue into the summer. The other economic news was accepted without consequence, but sThe Institute for Supply Management index on February manufacturing conditions rose to 56.7, up from 54.8 the previous month and higher than the 55.8 that was forecast. Any number above 50 signals expansion in the sector. Within the report, new order..
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| Article XML Feed | | - Wednesday, March 01, 2006 |
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