Monthly Archives: October 2011

Mortgage Rates for the week of: October 31, 2011

Mortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction. It was a wild ride for rate shoppers. Early in the week, mortgage rates spiked. Eurozone leaders expressed optimism that a deal for Greece’s solvency would be made, rhetoric to which […]

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New Home Inventory Keeps Sinking

Home builders continue to sell homes and work through inventory. According to data from the Census Bureau, the number of new homes sold in September jumped 6 percent from the month prior, beating analyst expectations. On a seasonally-adjusted, annualized basis, buyers in Idaho and nationwide closed on 313,000 newly-built homes last month. It’s the highest […]

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Mortgage Rates for the week of: October 24, 2011

Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points. Conforming rates across Idaho eased, giving homeowners and rate shoppers yet another chance to nab historically-low mortgage rates. FHA mortgage rates remained low, […]

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Mortgage Rates for the week of: October 17, 2011

Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will “rescue” Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week. Conforming and FHA mortgage rates in Idaho moved sharply higher. After reaching an all-time low just two weeks ago, 30-year fixed mortgage […]

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Mortgage Rates for the week of: October 10, 2011

Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction. Conforming mortgage rates in Idaho rose last week, lifting rates off their all-time lows and causing consternation among the nation’s would-be buyers and refinancers. Last […]

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Mortgage Rates for the week of: October 3, 2011

Mortgage markets deteriorated last week as optimism for a Greek rescue package increased, and as U.S. consumers showed that, despite falling income levels, spending will not be slowed. As reported by the government, household income dropped in August, falling 0.1 percent and marking the first monthly dip since 2009. Yet, consumer spending still rose, tacking […]

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