Mortgage markets went unchanged last week as Wall Street traded on new debt stress within the Eurozone, and stronger-than-expected economic data here at home.
Tag Archive: Greece
Florida Mortgage Update for the Week of November 14, 2011
Expect developments in Italy to sway U.S. mortgage rates this week. In addition, rates will respond to a rash of economic data and Fed speakers.
Florida Mortgage Rate Update for the Week of November 7, 2011
Mortgage markets improved last week as optimism for a Greek Bailout program faded. Rates are back near their lowest levels of the year.
Florida Mortgage Update 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.
Florida Mortgage Update 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.
Florida Mortgage Update 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.
Florida Mortgage Update for the Week of October 11, 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.
Florida Mortgage Update 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.
Florida Mortgage Update for the Week of September 26, 2011
Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues.
Florida Mortgage Update for the Week of July 25, 2011
Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life.
