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Daily Mortgage Update provided by CU Mortgage Division:

Mortgage Market News for the week ending September 5, 2010

9/6/2010 12:53 PM

Data Turns Rates Higher After falling for several weeks, stronger than expected economic data caused mortgage rates to turn a little higher late this week. Upside surprises in important labor market, housing, and manufacturing reports were negative for mortgage markets and positive for stocks. Following Friday morning&#...Read More

August 2010 Jobs Report Pushes Mortgage Rates Higher

9/3/2010 7:46 AM

On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior. 54,000 jobs were created in August...Read More

August’s Fed Minutes Lead Mortgage Rates Higher

9/2/2010 7:45 AM

Home affordability took a slight hit this week after the Federal Reserve's release of its August 10 meeting minutes...Read More

Case-Shiller Posts 16th Straight Month Of Home Price Improvement

9/1/2010 7:45 AM

According to the Standard & Poors Case-Shiller Index, home values rose 5 percent in June versus the month prior, and 4 percent from a year earlier. It's the 16th consecutive month in which Case-Shiller reported an increase in home values and the third straight month of outstanding results...Read More

Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week

8/31/2010 7:45 AM

Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it...Read More

What’s Ahead For Mortgage Rates This Week : August 30, 2010

8/30/2010 7:45 AM

When Chairman Bernanke talks, markets listen. His comments about the U.S. economy helped fuel a late-Friday surge in mortgage rates last week...Read More

Daily Rate Lock Recommendation – 08/29/2010

8/29/2010 7:39 PM

There are six relevant economic reports scheduled for release this week in addition to the minutes from the most recent Fed monetary policy meeting. With at least one piece of data being posted each day this week, it is fairly safe to assume that we will see another active week in the financial and mortgage [......Read More

Home Affordability Rankings For 225 Metropolitan Statistical Areas

8/27/2010 7:45 AM

With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights...Read More

New Home Sales Drop In July — Just Like Existing Home Sales

8/26/2010 7:46 AM

Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July's rate of sales, the nation's new home inventory would be exhausted in just about 9 months...Read More

Existing Home Sales Plummet In July; Home Buyers Gain Leverage

8/25/2010 7:46 AM

The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal...Read More

CU Mortgage Division - Located at O Bee Credit Union
8665 Martin Way E, Lacey, WA 98516