What's Ahead For Mortgage Rates This Week: September 8, 2009 - 09/09/09 11:02 AM
Mortgage markets improved slightly last week overall, but closed out the week much worse from the best levels of the week.
On Wednesday, briefly, mortgage rates touched an 8-week low.  Following that, mortgage rates began to climb and stayed on an upward trajectory clear through Friday's closing.
Rate shoppers suffered, realizing a 0.250 percent rise in rates -- roughly $32 per month per $200,000 borrowed.
The biggest story of last week was the US jobs report.  It showed the Unemployment Rate climbing to 9.7 percent and a loss of 216,000 jobs nationwide. 
Neither figure was a surprise, per se, but Wall Street had … (0 comments)

 
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Jeff Underwood

Gilbert, AZ

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My blog contains updated information on personal finance and mortgages. My passion is to keep consumers and other professionals on the cutting edge of changes in the credit and lending industries.


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