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Tag Archives: interest rates
Happy Fiscal New Year: An origination-foreclosure-forgiveness-money-back potpourri
Happy Fiscal New Year.
Last week it was announced that new home sales are up, at a seasonally adjusted annual rate of 373,000. From the bottom, that number is up nicely. But from the top, it’s way down. (Source: Calculated Risk)
As there were 141,000 new homes for sale last month, FNC’s Bob Dorsey says it should take four-and-a-half months until that inventory is clear.
Posted in FNC
Tagged Bill Rayburn, Bob Dorsey, foreclosure, interest rates, new home sales
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Will Mortgage Rates Bring Down Lending Volumes?
The good news is that the potential for a double-dip recession and our fear of it is fading. This should help stimulate economic growth. The Wall Street Journal reported that the U.S. economy had grown about 2.6% in the third quarter. During this period companies have increased their inventories of goods. While consumer spending was down during this same period, a recent increase in spending reflects consumer comfort. Last week’s… Continue reading
Posted in Lending, Mortgage
Tagged double-dip, economic growth, interest rates, mortgage
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