Don Grimes's (grimesd) Blog
Mortgage Blog
ARCHIVED BLOG POSTS
2010
Mortgage markets improved last week despite a major mortgage bond sell-off Friday afternoon. Prior to the jump, conforming mortgage rates had cut new, all-time lows by Thursday, only to lose up to 0.250 percent on the last day of the week. Meanwhile, the same type of news that drove rates lower M...
08/30/2010
Mortgage markets stalled last week in back-and-forth trading as Wall Street grappled with weak housing data, falling builder confidence, and worsening jobs numbers nationwide. Because markets were volatile, rate shopping was challenging. Conforming mortgage rates did managed to make a new all-ti...
08/23/2010
Mortgage markets worsened last week, putting a pause on the mortgage rate rally that dates to mid-April. Mortgage rates rose across Michigan last week and home affordability suffered. The Refi Boom remains in full effect, but rates are not as dazzling as they were a week ago. It's somewhat strang...
08/16/2010
Mortgage markets improved again last week on softer-than-expected economic data, punctuated by Friday morning's weak jobs report. Conforming mortgage rates in Michigan dropped on the news, making new, all-time lows. Mortgage rates have been on an extended rally dating back to mid-April. This week...
08/09/2010
Mortgage markets improved last week, pushing mortgage rates lower for the 6th time in seven weeks. Since April, rates in Michigan have been on a downward path, spurring refinances in most markets and sparking the start of a Refi Boom. Last week, 3 key stories played a role in falling rates: Dem...
08/02/2010
Rainmaker
112,059
112,059
Don Grimes
NMLS ID #130686
Service Areas
Mortgage Tools and Usefull Information