Mike Dutra Mortgage Blog

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Mortgage and Lending - Peoples Home Loans - NMLS 13530
RECENT BLOG POSTS
Demand shifted from bonds to stocks over the past week. The economic data had little impact. As a result, mortgage rates ended the week a little higher.Under most circumstances, mortgage rates improve when stocks decline, and the reverse is true as well. We have seen an example of this relationsh...
10/12/2015
It has been awhile, but economic growth has finally kicked into gear. Gross domestic product (GDP) growth for the second quarter was revised higher to 3.9% on an annualized rate. For most of 2015, and a good chunk of 2014, GDP growth has wallowed at 2% or lower.More encouraging, most everyone con...
10/06/2015
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Weaker than expected economic data released this week reduced the outlook for future inflation. This caused mortgage rates to improve, and they ended the week at their best levels since April.Friday's key Employment report was disappointing nearly across the board. Against a consensus forecast of...
10/05/2015
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Keeping you updated on the market! For the week of September 16, 2013                                               MARKET RECAP                                                        Are We Still Trending in the Right Direction? The answer to the above question depends on what trend is being ref...
09/18/2013
  Keeping you updated on the market! For the week of November 5, 2012 MARKET RECAP “Dog bites man” has been a leading theme as we head toward 2013. By that, we mean we continually report on improving home prices; to the point where home prices are almost no longer longer news. We say “almost,” b...
11/03/2012
    Keeping you updated on the market! For the week of October 8, 2012 MARKET RECAP At the beginning of the year, we were in the minority: we thought 2012 would see improving home prices in more metropolitan markets across the country. We've been surprised on the price front, and delightfully so,...
10/07/2012
    Keeping you updated on the market! For the week of October 1, 2012 MARKET RECAP The problem with home-price data issued by S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) is that it's two-months in arrears. In today's age of instantaneous everything, two months can seem like an...
09/30/2012
    Keeping you updated on the market! For the week of September 17, 2012 MARKET RECAP Last week, we broached the possibility that the residential rental real estate market could be forming a bubble. We found it interesting, even if it were only coincidental, that the the Wall Street Journal ran ...
09/15/2012
    Keeping you updated on the market! For the week of September 3, 2012 MARKET RECAP There is an old investing bromide that goes “the trend is your friend,” which means a directional market can lead to riches. The trend in home prices is surely our friend. Indeed, the S&P/Case-Shiller home price...
09/01/2012
    Keeping you updated on the market! For the week of August 27, 2012     MARKET RECAP Existing home sales gained traction in July, moving up 2.3 percent to 4.47 million units annualized, to partially reverse a 5.4-percent decline in June. The monthly existing home sales trend has been choppy fo...
08/26/2012
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