david kosmecki loan officer maple grove minnesota: Mortgage Rates This Week : June 11, 2012 - 06/11/12 11:59 AM
Mortgage markets worsened last week, halting a multi-week mortgage rate winning streak in Minnesota and nationwide. With little economic news on which to trade, investors took their cues from the world's central banks.
Fed Chairman Ben Bernanke neither dismissed nor promised new market stimulus in the near future, nor did leaders in the Eurozone. China, however, did cut its interest rates for the first time since the start of the global financial crisis.
Conforming mortgage rates edged higher amid a series of volatile trading sessions. Mortgage bonds moved more sharply as compared to prior weeks and analysts expect volatility to continue.
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