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Real Estate and Mortgage News

Mid-Morning Recap: Markets Volatile on Encouraging Data

It’s been a volatile morning for markets. The Dow has dipped into negative four times in the first 90 minutes of trading, but all three indexes look poised to end Friday on a high note. As of 11 am, the Dow is up 0.58% at 8379, the S&P 500 is…(read more)

Weekly Report Notes Modest Rate Changes

Mortgage interest rates changed very little during the week ended May 14 according to data released Thursday morning by Freddie Mac. Results of the corporations weekly Primary Mortgage Market Survey placed the average interest rate of the conventional…(read more)

Mid-Morning Recap: Banks Hire Thousands for Refi Boom

Despite poor data and talk of more regulation, markets are on the gain 90 minutes into Thursday’s session. The S&P 500 opened high on Thursday, dipped into negative shortly before 10 am, but has since retraced the losses to be up 0.64% to 889…(read more)

Mid-Morning Recap: Geithner Looks to Help Small Banks; Mortgage Applications Fall

Markets were hit with three poor data points before the opening bell on Wednesday. Mortgage Loan Applications took a tumble , April’s Retail Sales report unexpectedly fell, and a rise in import prices heavily outweighed a gain in export prices….(read more)

Treasury’s Geithner Said Financial System ‘Starting to Heal’

In announcing new efforts to ensure that small banks have the capital needed to weather the current storm, Treasury Secretary Tim Geithner said the financial system is beginning to heal, but that recovery will take time. Speaking before the Independent…(read more)