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Web Design Articles2016-01-27T09:39:54+00:00

Among Government-Backed Home Loans, USDA Loans’ Average Size Spike

The latest data from the Mortgage Bankers Association’s Weekly Applications Survey show a decrease of 2.4% in fixed-rate mortgage applications on a seasonally adjusted basis from one week earlier. Currently, fixed-rate mortgages account for about 95% of all mortgage activity, with the rest of mortgage applications being adjustable-rate

Building Materials Price Declines Led by Lumber and Plywood

Prices paid for goods used in residential construction decreased by 1.1% in June (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics.  The decline broke a four-month trend of increases and was only the fifth month over the past two years

Consumer Credit Report Shows Acceleration of Revolving Debt

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through May 2019. As of May 31, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt1 and $3.0 trillion in

Job Growth Rebounded Sharply in June

Total nonfarm payroll employment increased by 224,000 in June, while the unemployment rate edged up to 3.7%. Residential construction employment increased by 6,000 in June, after an increase of 3,800 jobs in May. The total construction industry (both residential and nonresidential) employment reached to 7.5 million, by adding

Consumer Confidence Drops to Near Two-Year Low

After three consecutive months of gains, consumer confidence fell to its lowest level since September 2017. The Consumer Confidence Index, reported by the Conference Board, fell by 7.5% from 131.3 in May to 121.5 in June, as households are less optimistic about short-term economy and labor market amid

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Among Government-Backed Home Loans, USDA Loans’ Average Size Spike

The latest data from the Mortgage Bankers Association’s Weekly Applications Survey show a decrease of 2.4% in fixed-rate mortgage applications on a seasonally adjusted basis from one week earlier. Currently, fixed-rate mortgages account for about 95% of all mortgage activity, with the rest of mortgage applications being adjustable-rate

Building Materials Price Declines Led by Lumber and Plywood

Prices paid for goods used in residential construction decreased by 1.1% in June (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics.  The decline broke a four-month trend of increases and was only the fifth month over the past two years

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