Monday, mortgage markets improved with news of new Swine Flu cases. It's a classic example of Safe Haven buying and today's rate shoppers will see the benefits. Mortgage rates improved about 0.125 percent Monday. It's not an official term, but "Safe Haven buying" describes the trading patterns i
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05/05/2009
Last week, like the 3 weeks prior, mortgage markets were all over the place from day-to-day. But, also like the 3 weeks prior, when the week ended Friday, rates were right back where they started from Monday. For the 4th straight week, mortgage rates started and ended the week essentially unchan
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05/05/2009
The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It's the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inv
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05/05/2009
If falling home values is what prompted Fannie Mae and Freddie Mac to tighten mortgage guidelines in 2007 and 2008, America's mortgage applicants may get their long-awaiting loosening within the next 18 months. According to a government report, the values of homes financed with conforming mortga
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05/05/2009
National real estate data helps economists identify trends in the housing market. It shapes policy and influences markets. For active home buyers and home sellers, though, national real estate data is irrevelant. This is because national data says nothing for the factors determining home prices
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05/04/2009
The Federal Reserve meets next week for a policy-setting meeting. It's one of 8 scheduled Fed meetings this year in which the Federal Open Market Committee votes on whether to raise, lower, or leave unchanged the Fed Funds Rate. Based on data compiled by the Federal Reserve Bank of Cleveland, W
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05/04/2009
