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admin on Dec 30, 2010 in
Economy |
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Home Prices Are Still Too High
via Peter Schiff: Home Prices Are Still Too High –...
Mortgage markets worsened again last week as belief in a U.S. recovery and concerns for inflation took hold on Wall Street. Conforming mortgage rates rose in Washington for the 6th straight week.
According to Freddie Mac‘s weekly Primary Mortgage Market Survey, the average 30-year fixed rate...
Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.
The Fed Fund Rate remains within its target range of 0.000-0.250 percent.
In its press release, the FOMC said that, since April, “the economic recovery is proceeding” and...
Mortgage markets improved last week on weaker-than-expected jobless figures, ongoing troubles in Europe, and a tame reading on domestic inflation.
As a result, conforming mortgage rates for Washington fell last week, drawing loads of new refinance applications.
For a brief moment Thursday afternoon,...
Rate shoppers caught another break last week as mortgage markets improved on weak jobs data.
The May Non-Farm Payrolls report fell well short of expectations while ongoing jobless claims rose. The two combined to cast doubt on the speed of the U.S. economic recovery, hurting stocks and helping...