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Purchase Applications Rose for Third Week (120810)
Applications for mortgages to purchase homes rose 1.8 percent last week compared to the previous week on a seasonally adjusted basis. On an unadjusted basis, purchase applications rose 21.3 percent...
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Market Comment for Week of December 13, 2010…
MARKET COMMENT Mortgage bond prices got crushed last week pushing mortgage interest rates significantly higher. News that tax cuts would be extended sent stocks higher Tuesday at the expense of...
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Market Comment for Week of December 20, 2010…
MARKET COMMENT Mortgage bond prices got crushed the beginning of last week pushing rates significantly higher. Increased inflation fears tied to the Fed’s quantitative easing (QE2) and stronger than...
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Existing-Home Sales Rise 5.6%
Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of REALTORS®. Existing-home sales, which are...
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Market Comment for Week of December 27, 2010…
MARKET COMMENT Mortgage bond prices started the week in positive territory. Unfortunately those gains were short-lived as trading was thin and choppy with continued large market swings. Most of the...
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Pending Home Sales Continue Uptrend
Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking...
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