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So far Carlos Medina has created 1039 blog entries.

Home Refinancing Surges

The Mortgage Bankers Association’s (MBA) latest Weekly Application shows an uptick in applications for the week ending July 10, 2020. The Market Composite Index increased by 5.1% from the previous week on a seasonally adjusted basis, owing mainly to the surge in refinancing activity of 11.9% compared to a week before. The increase

Home Refinancing Surges2020-07-15T18:32:44+00:00

Rising Softwood Lumber Costs Lead Building Materials Prices Higher in June

Prices paid for goods used in residential construction increased 1.9% in June (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the second consecutive monthly increase since the index declined three months straight by a total 5.4%. The index has decreased

Rising Softwood Lumber Costs Lead Building Materials Prices Higher in June2020-07-13T18:30:41+00:00

Total Consumer Credit in May Decreases

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through May 2020. In May, consumer credit decreased at a seasonally adjusted annual rate of 5.3% from the previous month, with revolving debt1 decreasing by 28.6% and nonrevolving debt2 increasing by 2.3 percent. Consumer

Total Consumer Credit in May Decreases2020-07-11T18:29:47+00:00

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