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» Weekly Report

Monday, November 18th, 2019

For Week Ending November 9, 2019 With the stock market reaching record highs, continued low unemployment, and low mortgage rates, many signs in the US economy remain strong. However, total household debt has been rising for twenty-one consecutive quarters and … Continue reading

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Monday, November 11th, 2019

For Week Ending November 2, 2019 This week the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market and mortgage rates rose for the third consecutive week. Despite the … Continue reading

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Monday, November 4th, 2019

For Week Ending October 26, 2019 A new Census report this week announced that new construction home sales nationwide decreased slightly to a seasonally adjusted rate of 701,000 units, which is 15.5% higher than a year ago. Also in the … Continue reading

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Monday, October 28th, 2019

For Week Ending October 19, 2019 While the U.S. Commerce Department reported that total housing starts dropped 9.4% month over month in September, that drop was focused on the apartment and condo segment while single-family housing starts actually rose .3%. … Continue reading

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Monday, October 21st, 2019

For Week Ending October 12, 2019 In the last month, mortgage rates have fallen to their lowest monthly average in more than three years, and now Fannie Mae is predicting that continued low rates, and possibly lower rates, are expected … Continue reading

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