Tag Archives: economy

Ho-hum GDP report keeps lid on mortgages

Posted on July 29, 2016 by

Today’s weak report on 2nd quarter gross domestic product is welcome news for mortgage shoppers. Continue reading →

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Home-shoppers, the jobs report didn’t raise mortgage rates

Posted on July 8, 2016 by

Home-shoppers, be cheerful: Job growth in June was surprisingly high, but the news hasn’t had much effect on mortgage rates. They’re staying near record lows. Read this week’s mortgage analysis, in which the 30-year-fixed fell to just shy of its all-ti… Continue reading →

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For every 10 new households formed, 6 homes are built. How’s that working out?

Posted on June 22, 2016 by

More than a million dwellings needed to be built last year just to keep up with the new households that were created. Yet only 620,000 new housing units were completed, meaning that the nation fell short by 430,000 homes. And that’s just in 1 year. So … Continue reading →

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Life among the last of the refinancers

Posted on June 1, 2016 by

Was I one of the last homeowners to refinance? My wife and I refinanced the mortgage on our little house about a month ago. We had talked about refinancing for a long time, but I just didn’t want to go through the hassle. Even though I have written art… Continue reading →

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Homebuilders most optimistic on sales since 2005

Posted on June 16, 2015 by

Homebuilders are becoming increasingly optimistic about their prospects as the economy and housing market improve. Continue reading →

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Home prices continue upward climb in April

Posted on June 10, 2015 by

Improved job prospects, low interest rates and a low supply of housing mean that home prices are showing healthy gains. Continue reading →

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Mortgages may rise on job numbers

Posted on June 5, 2015 by

Strong May employment report means the economy is strengthening and the Federal Reserve will stay on track to start tightening monetary policy. This means that mortgage rates will likely continue their upward march. Continue reading →

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Blame Europe for higher mortgages

Posted on May 12, 2015 by

An improving world economy is rubbing off on mortgage rates. They are rising. Continue reading →

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Will more jobs boost mortgages?

Posted on May 8, 2015 by

Strong job creation in April means higher mortgage rates are also likely to follow.
Continue reading →

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March jobs report will keep rates low

Posted on April 3, 2015 by

If you had been under the impression that an improving economy gave you a short window of opportunity to get a mortgage at today’s low interest rates, today’s employment report should make you feel more optimistic. Continue reading →

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