Weekly Economic Review: Mortgage Rates Drop to 5-Month Low, Home Resales at 10-Year High

Posted by Laine Smith on 4/21/17 10:04 AM

In this week’s economic review, mortgage rates returned to favorable lows while reports showed that home prices continue to rise and listed homes are selling quickly.

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Weekly Economic Review: Job Growth Softened Significantly in March

Posted by Laine Smith on 4/7/17 9:00 AM

In this week’s economic review, mortgage rates fell back for the third week in a row, consumer spending continued to pick up and March’s employment report disappointed.

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7 Ways the Fed Rate Hikes Affect You

Posted by Laine Smith on 4/5/17 8:00 AM

If you've been following news in the economic world, you know that last month the Federal Reserve moved on the decision to raise the federal funds rate for the first time in 2017 and the third time since December 2015. While their decision reflects an improving economy, there are a few ways the rate increase affects you as a consumer.

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Mortgage 101: What's the Difference Between Your APR and Your Mortgage Rate?

Posted by Laine Smith on 4/3/17 9:43 AM

Buying and financing a home includes navigating the world of mortgage terminology, a lot of which are acronyms, i.e. DTI, PMI, PITI, and APR. When shopping for a mortgage or any type of credit product, for that matter, keep in mind that the advertised interest rate isn't the same as your loan's annual percentage rate (APR). Here's what you should know about the difference between a mortgage rate and APR.

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Weekly Economic Review: Consumer Confidence Soars, Pending Home Sales Pick Up

Posted by Laine Smith on 3/31/17 8:16 AM

In this week’s economic review, mortgage rates softened for the second week in a row, pending home sales painted a pick-up for the beginning of the spring homebuying season and consumer confidence levels hit 17-year highs.

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Spring Housing Market Update: 5 Facts for Homebuyers and Sellers

Posted by Laine Smith on 3/26/17 12:35 PM

As one of the most popular times of the year to buy or sell a home, the 2017 spring housing market is off to an early start. See what mortgage rates, home prices, homebuyer traffic and home inventory are doing to shape this year’s spring market.

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Weekly Economic Review: Fed Moves on Interest Rates, Mortgage Rates Continue to Climb

Posted by Laine Smith on 3/18/17 8:00 AM

In this week’s economic view, the Fed made moves on hiking interest rates for the second time in three months, home builders grew even more confident in the new home market, and job openings were in line with their 2-year trend. Mortgage rates continued their climb.

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Weekly Economic Review: February Job Growth Thrives, Mortgage Rates Increase

Posted by Laine Smith on 3/10/17 9:57 AM

In this week’s economic review, mortgage rates increased, consumer spending jumped in February, and booming job growth boosted the likelihood of Fed rate hike in March.

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Homeowners Have Missed Out on Billions in Refinance Savings – Is It Too Late for You?

Posted by Laine Smith on 3/8/17 9:45 AM

American homeowners could have saved a combined $5.5 billion by refinancing their mortgages in 2010 and 2012, according to a new study published in the Journal of Financial Economics. Despite historically low mortgage rates, homeowners didn’t make refinancing a top priority, which prompts the question: with mortgage rates rising in 2017, is it too late for you?

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Weekly Economic Review: Pending Home Sales Disappoint, Consumer Confidence at Post-Election High

Posted by Laine Smith on 3/3/17 10:00 AM

In this week’s economic review, mortgage rates declined while the pending home sales index offset the outlook for future existing home sales. Reports released this week also highlighted consumer confidence, as well as confidence in the job market.

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