In what might feel like a cruel plot to keep home buyers stuck and unable to actually buy a home, lenders use factors including your credit score to determine your mortgage rates. You need to take a look at your credit score early in the game. You might need to clear some errors up on […]
Adjustable Rate Mortgages are in higher demand, according to a recent article in The Washington Post. An Adjustable-Rate Mortgage (ARM) is a mortgage that starts out with a low-interest rate. See, the first part of an ARM is lower than the rate for a 30-year fixed-rate loan. This is a very tempting concept and one […]
Last week’s economic reports included job openings, retail sales, retail sales except automotive, consumer sentiment for March and the usual reports on weekly jobless claims and mortgage rates.
Last week’s economic reports contained mixed reports indicating that the economy continues to recover with occasional “blips” in its progress. Construction spending was lower than expected. A Federal Reserve survey of senior loan officers indicated that credit standards remain strict for mortgages and other types of lending.
Last week’s economic news brought mixed developments as pending home sales moved to their second highest level of 2014. The Federal Open Market Committee (FOMC) announced the expected end of asset purchases under its quantitative easing program.
Last week’s economic news included a few developments connected with housing and mortgage industries. While no economic reports were released on Monday, the rest of the week provided good news for existing home sales, home prices and mortgage rates.
Last week’s economic news brought several housing-related reports, which indicated varying results in terms of gauging the economic recovery.
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Last week’s economic news offered a variety of indications that the economic recovery continues, but some readings missed their expected levels. The Philadelphia and New York branches of the Federal Reserve Bank reported higher than anticipated manufacturing for their respective regions and new jobless claims were lower than expected.
Last week brought news from the Fed as two Federal Reserve Bank Presidents made speeches and the Federal Open Market Committee (FOMC) of the Fed released the minutes of its last meeting. The minutes reveal the Fed’s intention to wrap up its bond-buying program in October with a final purchase of $15 billion in mortgage-backed securities (MBS) and Treasury bonds