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Mortgage Rates Roller Coaster Ride Sends Applications Index Lower
National mortgage rates continue to bounce around a volatile range. A jump in borrowing costs in the week ending August 7 caused refinance-related loans to reverse the prior week’s progress, sending demand for new loans down in the week, an industry survey said.
Zillow: Slight Housing Stabilization in 2Q 2009. Hurdles Ahead
The second quarter 2009 report was released on Tuesday. It reported that, while home prices have continued to fall for the 10th quarter in a row, the rate of decline has flattened significantly.rnrnU.S. home values were down 12.1 percent year-over year to an index average of $186,500. This is a smaller year-over-year change than the 12.4 percent decline reported for Quarter 1 and much of those losses occurred early in the quarter. Prices fell less than 1 percent from May to June
Mid-Day Recap: Stocks Fall Again as FOMC Meeting Begins
The S&P 500 has dipped below the 1,000 level today as all three major indexes have shed more than 1% in the first three hours of trading. A better than expected productivity report did little to boost spirits before the open, and markets extended their losses 30 minutes into the session when it was reported that wholesale inventories were reduced quite a bit more than had been forecasted. Aside from reacting to data, markets are anxious as the Federal Reserve's monetary policy board begins its two-day meeting today.rnrnAt 12:30, the S&P 500 is trading 1.21% lower at 995, while the
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Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...