Mortgage News

Economists say the unexpected boost in the Fed’s industrial
production report doesn’t change the overall trend in the
economy, which is clearly on a downward slope. The report unexpectedly
rose 0.2% in the month of July, against expectations that it would come
in flat, while the previous month’s gain was downwardly revised one-tenth
to 0.4%.

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I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week’s survey is now available. As a reminder: The survey is for conforming loans only. You’re welcome to email me about your pending plans to purchase or refinance. I twitter market updates a few times daily. Follow…



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The trend is still holding, so to hammer the point home: to know what mortgage rates are doing lately, just check the stock market. As stocks go down, mortgage rates go down As stocks go up, mortgage rates go up This is not a long-term, direct relationship by any means but it’s holding true this…



Read the full post at http://www.themortgagereports.com