Category: Refinancing
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Releasing Some Pressure
The Employment Situation report for October could be termed “outstanding”; 250,000 new jobs compared to a downwardly revised 118,000 in September. This was more than the most optimistic prediction by Econoday analysts who had expected a report somewhere in the 150,000 to 231,000 range. Their consensus was 190,000 new jobs. The unemployment rate, which had…
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Lollipops and Roses
Commentary — March 11, 2016 Although interest rates appear to have reversed direction and are headed back up (and yes, we have said this before) Black Knight Financial Services put some real world meaning to that unexpected New Year gift of declining rates. The company estimates that the six-week 30 basis point drop potentially…
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Refi Resurgence
Commentary ~ February 19, 2016 Interest rates are still fueling a resurgence of refinancing. The Mortgage Bankers Association (MBA) said refinancing applications increased by 16% for the second straight week and represented more than 65% of all mortgage applications, the largest share in a year. Rates did appear to stabilize this week. The Freddie…