Mortgage rates were suppressed last week by jittery markets focused on the ongoing debt ceiling debate. While there is a talk of a debt ceiling resolution this morning, there are still concerns about the details of implementing such a solution and whether or not the damage has already been done to world confidence in the [...]

Mortgage rates continued lower last week fueled by concerns regarding employment and statements made in the June Federal Open Market Committee (FOMC) minutes regarding market weakness. The consensus among the majority of the recently released market data and the FOMC minutes is that the overall recovery is still a work in progress and the levels [...]