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Tag Archives: Mortgage Applications
Mortgage Applications Decrease as Rates Rise
The average contract interest rate for 30-year fixed-rate mortgages increased to 4.84 percent from 4.66 percent, with points increasing to 1.34 from 0.94 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. Continue reading
Posted in Mortgage News, Newsletter, Real Estate Data
Tagged Interest Rates, Mortgage Applications
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Economic Quick-Hits: Payrolls, Auto Sales Up
Fresh off its return as a publicly traded company, General Motors Co. on Wednesday kicked off what looks to be another strong batch of monthly U.S. car sales with an 11.4% jump. Continue reading
Posted in Newsletter, Real Estate Data
Tagged Consumer Spending, Mortgage Applications, Unemployment
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Economic Quick Hits: Payroll, Mortgage Applications, ISM
Private-sector employment increased by 43,000 from September to October on a seasonally adjusted basis, according to the latest ADP National Employment ReportĀ® released today. The estimated change of employment from August to September was revised up from the previously reported decline of 39,000 to a smaller decline of 2,000. Continue reading
Expect A Second-Half Crash
So, if consumers are not going to be buying appliances (or cars according recent surveys), and if commercial real estate is going to remain in the dumps, technology spending is likely unsustainable, and states will be laying off workers to balance budgets, pray tell where is the second half growth or jobs coming from? Continue reading
Mortgage Applications Lowest in 14 Years
On an unadjusted basis, the Index decreased 12.6 percent compared with the previous week. Continue reading