by countyproperties | Jun 22, 2007 | Finance
Rates on 30-year mortgages, after rising for five straight weeks, edged down slightly this week, Freddie Mac reported in its nationwide survey. Thirty-year, fixed-rate mortgages fell to 6.69 percent this week from 6.74 percent last week, when rates had jumped to the...
by countyproperties | May 25, 2007 | Finance
Friday’s employment report showed strong job growth with 157,000 new jobs added in April. The Federal Reserve is expected to leave interest rates alone when it meets June 27-28. Consumer spending rose by 0.5 percent in April. Mortgage rates took it on the chin...
by countyproperties | Mar 19, 2007 | Finance
Global stock markets rebounded early on Monday as a wave of takeover activity helped investors shake off an obsession with the slumping U.S. housing market. The Dow Jones industrials closed up 115 points. Concerns about rising mortgage defaults remained...
by countyproperties | Feb 1, 2007 | Finance
American consumers continued to indicate a higher level of confidence in the nation’s economy this month, due in part to a more favorable job market, The Conference Board recently reported. The organization’s Consumer Confidence Index increased for the...
by countyproperties | Jan 26, 2007 | Finance
The Market Composite Index, a measure of mortgage loan application volume, increased 1.5 percent to 639.8 on a seasonally adjusted basis for the week ending Feb. 9 compared with 630.1 one week earlier, according to a report released today by the Mortgage Bankers...
by countyproperties | Nov 10, 2006 | Finance
FED HOLDS FEDERAL FUNDS RATE AT 5.25 PERCENTThe Federal Reserve’s Open Market Committee last week decided to maintain the target for the federal funds rate at 5.25 percent. This is the third consecutive month the committee opted not to raise the target rate,...
