LABOR MARKET IMPROVING

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A wide range of major economic data released this week revealed an unexpectedly strong level of improvement in the labor market and other areas. This is good news for...

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FED MINUTES REVEAL SPLIT

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Once again, the biggest influence on mortgage rates was shifting sentiment about future Fed policy. The Fed Minutes and statements from Fed officials caused investors to move forward their...

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JOB GAINS SURGE – November 8th, 2013

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Investors, highly focused on the economic date, had a lot to consider this week. The Economic   Calendar was packed, and nearly all the major reports exceeded   expectations. Stronger...

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November 4th, 2013 – Manufacturing Activity Improves

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It was a relatively quiet week for mortgage rates. A slightly more bullish economic outlook from the Fed and stronger than expected manufacturing data were the main influences this...

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November 1st, Expected Gain in Home Sales for 2014

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The California Association of Realtors has made its predictions for the housing market in 2014. According to its Housing Market Forecast, both home sales and mortgage rates are expected to rise. ...

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October 23, 2013 – PUNISHING BROKERS

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Here is the answer for anyone who asks why is it better to use a mortgage broker vs. a bank! Punishing brokers for perceived sins of the past is...

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October 18, 2013 – CONGRESS REACHES DEAL

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Congress approved a deal on Wednesday to raise the debt ceiling and to fund the government for a few months. The news lifted both stocks and bonds. The S&P...

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October 11, 2013 – PROGRESS IN CONGRESS

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With government produced economic reports postponed by the shutdown, the  budget and debt ceiling discussions in Congress dominated the economic news  again this week. The gridlock in Washington and...

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October 4, 2013

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No Budget Deal Congress failed to reach a budget deal for the new fiscal year, causing a partial government shutdown for the first time in 17 years. The impact...

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FOCUS ON CONGRESS

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The lack of progress in Congress on reaching an agreement on the budget and the debt ceiling was the focus for investors this week. The resulting uncertainty caused investors...

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