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Economic Update: 9-5-2014

Economic Update 9/5/14 August Job gains slip to 142,000, fewest of 2014. Job reports for August came out this week with some disappointing number. U.S. employers added 142,000 jobs in August as payroll growth slowed significantly after six months of strong gains, the Labor Department said Friday. The unemployment rate, which is calculated from a […]

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Economic Update: 8-29-2014

Economic Update week ending 8/29/14 S&P 500 edges up to set new record; best month since February. U.S. stocks closed out a strong month on a quiet note on today, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had […]

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Economic Update: 8-22-2014

Economic Update week ending 8/22/14 The annual Fed conference in Jackson Hole, Wyoming, took place this week. Federal Reserve Chairwoman, Yellen, said the Fed is in no hurry to raise interest rates even as the labor market is improving. Market participants are watching for hints as to when the Fed will reverse an easy-money stance […]

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Economic Update: 8-15-14

Economic Update Week Ending August 15, 2014 30-YEAR MORTGAGE RATES AT 14-MONTH LOW. At 4.12%, today’s 30-year fixed rate mortgage is cheap. It’s less than half of the 30-year loan’s historical average, and the number of discount points required to get a 30-year loan are few fewer than it was even last decade. For the […]

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Economic Update: 8-8-14

Economic Update for the week ending August 8, 2014 Mortgage rates continue to hover near yearly lows. Mortgage rates showed little movement once again this week, continuing to hover near yearly lows, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average bumped up to 4.14 percent with an average 0.7 […]

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Economic Update: July 19, 2014

Week End economic update July 19, 2014 Interest rates dropped slightly this week to the lowest levels in over one year as demand for mortgage securities increased. This demand comes from investors feeling that mortgage securities may not return a high yield, but are considered very safe. Mortgages initiated in the past few years have […]

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Economic Update: July 11, 2014

Economic Update July 11, 2014 Interest rates dropped this week as did stocks after economic indicators in Europe and Asia showed slowing in their economies. The Freddie Mac Weekly Primary Mortgage Market Survey showed that the 30-year-fixed rate was 4.15%. The 15-year-fixed rate was 3.24%. A year ago the 30-year fixed was at 4.51% and […]

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Economic Update: 7-4-14

Economic update for the week ending July 4, 2014 The Freddie Mac Weekly Primary Mortgage Market Survey showed that the 30-year-fixed rate fell slightly again, coming in at 4.12% down from 4.14% last week. The 15-year-fixed stayed even at 3.22%. A year ago the 30-year fixed was at 4.29% and the 15-year was at 3.39%. […]

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Economic Update: 6-20-14

Economic Update for the week ending June 21, 2014 The Freddie Mac Weekly Primary Mortgage Market Survey showed that the 30-year-fixed rate fell slightly, coming in at 4.17% down from 4.20% last week. The 15-year-fixed moved just a little, down to 3.30% from last week’s 3.31%. A year ago the 30-year fixed was at 3.93% […]

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