Monthly Archives: August 2012

Mortgage Rates for the week of August 27, 2012

Mortgage markets improved last week. Mixed data highlighted the U.S. economy’s slow, steady expansion; the Federal Reserve changed market expectations for the new stimulus; and, sovereign debt concerns moved back to the forefront in Europe. Conforming mortgage rates fell last week for the first time this month, breaking a 4-week losing streak that had stymied […]

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Homebuilder Confidence Rises To 5-Year High

Home builder confidence rises again. For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 — an increase of more than 100% from one year ago and the highest HMI value since February 2007. The Housing Market Index is an indicator of homebuilder confidence and when it reads 50 […]

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Mortgage Rates for the week of: August 20, 2012

Mortgage markets worsened for the third straight week last week as the U.S. economy showed new signs of expansion, and as little new news came from Europe. August has been a rough month for rate shoppers. Since the start of the month, mortgage rates in Boise have climbed steadily and are now at a 7-week […]

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Improving Market Index Spans 32 States, District Of Columbia

80 U.S. metropolitan markets are showing “measurable and sustained growth” this month, according to the National Association of Homebuilders’ Improving Market Index. It’s good news for the economy and good news for housing. The NAHB’s Improving Market Index is meant to identify U.S. markets in expansion. It’s a composite of the three distinct data sets […]

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Mortgage Rates for the week of: August 13, 2012

Mortgage markets worsened last week as the investors moved back into risk-taking mode. Better-than-expected economic data in the U.S. plus a general feeling that the ongoing Eurozone issues will be soon be resolved (or lessened) contributed to a second straight week of rising mortgage rates. One such data point was the weekly Initial Jobless Claims […]

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Mortgage Rates for the week of: August 6, 2012

Mortgage bonds worsened last week in a news- and event-heavy week. A series of non-action from the world’s central banks — including the Federal Reserve — plus a better-than-expected jobs report pushed mortgage rates to their highest levels in more than a month. Conforming mortgage rates rose in Boise and nationwide last week. The week […]

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