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Mortgage-Backed Security Prices Drop – Market Update

Mortgage-Backed Security Prices Drop – Market Update

Mortgage-backed securities dipped lower yesterday, the Existing Home Sales report didn’t live up to expectations, and the Dow flirted with the 13,000 point mark. Who wants a market update?

Greek Bailout Package Finalized – Market Update

Greek Bailout Package Finalized – Market Update

Eurozone finance ministers finalized the Greek bailout package (FINALLY!), however questions still remain, especially about if Greece will ever re-enter the free market.

Fate of Greece May Be Determined Today – Market Update

Fate of Greece May Be Determined Today – Market Update

We have a weak week (yep, I just did that), Greece’s fate might be determined today, and Spain isn’t in the best of shape. Market Update, you say? You got it!

Europe May Receive Additional Bailout Funds – Market Update

Europe May Receive Additional Bailout Funds – Market Update

Treasuries are down this morning, largely due to beliefs that finance ministers may provide Europe with additional bailout funding.

Mortgage-Backed Securities Down Amid Low Jobless Claims – Market Update

Mortgage-Backed Securities Down Amid Low Jobless Claims – Market Update

Mortgage-backed securities are down this morning, due in part to the continuous low unemployment reports that came in this week.

Greek Austerity Plan: What’s Next?

Greek Austerity Plan: What’s Next?

Greece has been in the economic doghouse as of late. The Greek economy shrank 6.8 percent in 2011, and unemployment has soared more than 13 percent in the past three years from 7.7 percent in 2008 to more than 20 percent today. The country is in a disaster zone right now.

Credit Downgraded for Six European Countries – Market Update

Credit Downgraded for Six European Countries – Market Update

Italy, Spain, Portugal, Slovakia, Slovenia, and Malta all received credit downgrades yesterday by Moody’s Investors Service.

Mortgage-Backed Securities Up – Market Update

Mortgage-Backed Securities Up – Market Update

Mortgage-backed securities are up this morning due to the Advanced Retail Sales report that came in lower than expected.

HARP 2.0 – Markets and Musings With Chief Economist Bob Walters

HARP 2.0 – Markets and Musings With Chief Economist Bob Walters

In the first of a biweekly video series we’re calling Markets and Musings, which can be found in the Quicken Loans Press Room, Quicken Loans Chief Economist Bob Walters lays out the key timing of the HARP 2.0 program.

Treasury Prices Down – Market Update

Treasury Prices Down – Market Update

A 22 percent reduction in minimum wage, pension cuts, and an immediate layoff of nearly 15,000 state workers are among the significant austerity measures approved by Greek lawmakers through the new debt deal Greece has struck.

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