Graphic Courtesy MSNBCLast Week:The Fed meeting minutes (which give insight to the thought process behind the more formal Fed policy statement) showed that The *Fed remains concerned about the persistent levels of inflation, has not taken the prospect of more rate hikes off of the table, and is in a wait-and-see mode. The general level of uncertainty thus created (markets hate this finger-in-the-wind stuff) caused mortgage rates to creep up slightly last week.This Week:A full economic calendar (posted in its entirety after the jump) this week. The number to watch will be the CPI (Consumer Pric (more…)
Flagstar Bancorp Inc. originated $5.5 billion during the first quarter, according to an earnings announcement Thursday. The figure was better the the prior period, Flagstar reported. Fundings were also higher than a year earlier. (more…)
On a national basis, more than 16,000 mortgage jobs were lost during 2006 and year to date 2007, according to an analysis by Mortgagedaily.com. California saw the biggest mortgage job losses, according to the report. Meanwhile, Arizona saw the biggest gain in real estate finance jobs. (more…)
Buying a home is probably the best investment you will ever make. That’s because you can pay off your mortgage and build equity in your home over time. Renters on the other hand will continue to pay rent and will likely see their rent payments increase significantly as time goes by. (more…)
