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Category Archives: The Economy

With Tomorrow’s Job Report Due, Mortgage Rates May Finally Rise

Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. Mortgage rates may rise if job growth was strong. Continue reading

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Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages

Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide. Continue reading

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Home Prices Have Bottomed Out!

Well, according to Zillow, home prices have officially bottomed out and we have turned the corner for the housing market. The housing market has seen home prices rise for 4 consecutive months.  Stan Humphries, chief economist at Seattle-based Zillow, noted … Continue reading

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Revisiting Housing Market Predictions For 2012

Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions? Continue reading

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Mortgage Rate Risk Ahead Of Friday Morning’s Jobs Report

Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. If you’re actively shopping for a mortgage, today may be a prudent day to lock a mortgage. Continue reading

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U.S. Posts Its 20th Straight Month Of Job Growth

Since the jobs report’s release last Friday, mortgage rates are dropping. Continue reading

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Rising Home Prices: Coming to a Market Near You

Many experts are saying that the real estate market has hit bottom and that we are starting to see an increase in asking prices.  This seems to be a trend not just a blip in the market.  As more non … Continue reading

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Make A Mortgage Rate Plan Ahead Of The Jobs Report

Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don’t know in which direction they’ll move. Continue reading

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Homes Get More Affordable On March Jobs Data

Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs. Continue reading

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Jobs Report Due Friday; Mortgage Rates Expected To Change

If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today. Continue reading

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