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Beige Book: Growth Remains Modest to Moderate
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You're Now Reading:
Beige Book: Growth Remains Modest to Moderate
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Beige Book: Growth Remains Modest to Moderate
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April 16, 2012 (Chris Moore)

Overall economic growth continued to expand at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from mid-February through the beginning of April.

The Boston, Atlanta, Chicago, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis and Cleveland described activity in their Districts as modest. New York, Philadelphia and Richmond saw economic conditions improve while the Minneapolis and Kansas City Districts described their economic activity as growing at a solid pace and expanding at a faster pace.

Most Districts reported that manufacturing continued to show improved strength, with Boston and St. Louis reporting that manufacturing was mixed and Chicago reported that growth in production had leveled-off. Industries that reported increased sales in manufacturing included high-technology, cloud computing, automobiles and building materials.

Residential real estate construction activity remained at low levels with the exception of multi-family construction with apartments and senior housing reported to be expanding in many Districts. One contact in the Richmond District reported multi-family construction as being “on fire.”

Home prices remained weak or flat in Boston, New York, Minneapolis and San Francisco while several Districts reported that home prices continued to decline. Mild weather reportedly boosted housing activity in Boston, Philadelphia, and Kansas City.

Builder’s outlook was described as positive or slowing improving in Philadelphia, Cleveland, Atlanta, and Kansas City Districts while in Boston, builders were cautiously optimistic.

New York, Philadelphia, Cleveland, Richmond, Chicago, Kansas City, Dallas, and San Francisco reported that overall loan demand had improved.

Credit standards and quality were largely unchanged across the Districts with stable or improving loan quality reported from several Districts. Richmond reported bankers were offering easier credit terms to attract new borrowers. The Philadelphia and Cleveland Districts reported increased lending for multifamily housing.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
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Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
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No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
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Tips
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Calculator
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Rates

April 16, 2012 (Chris Moore)

Overall economic growth continued to expand at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from mid-February through the beginning of April.

The Boston, Atlanta, Chicago, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis and Cleveland described activity in their Districts as modest. New York, Philadelphia and Richmond saw economic conditions improve while the Minneapolis and Kansas City Districts described their economic activity as growing at a solid pace and expanding at a faster pace.

Most Districts reported that manufacturing continued to show improved strength, with Boston and St. Louis reporting that manufacturing was mixed and Chicago reported that growth in production had leveled-off. Industries that reported increased sales in manufacturing included high-technology, cloud computing, automobiles and building materials.

Residential real estate construction activity remained at low levels with the exception of multi-family construction with apartments and senior housing reported to be expanding in many Districts. One contact in the Richmond District reported multi-family construction as being “on fire.”

Home prices remained weak or flat in Boston, New York, Minneapolis and San Francisco while several Districts reported that home prices continued to decline. Mild weather reportedly boosted housing activity in Boston, Philadelphia, and Kansas City.

Builder’s outlook was described as positive or slowing improving in Philadelphia, Cleveland, Atlanta, and Kansas City Districts while in Boston, builders were cautiously optimistic.

New York, Philadelphia, Cleveland, Richmond, Chicago, Kansas City, Dallas, and San Francisco reported that overall loan demand had improved.

Credit standards and quality were largely unchanged across the Districts with stable or improving loan quality reported from several Districts. Richmond reported bankers were offering easier credit terms to attract new borrowers. The Philadelphia and Cleveland Districts reported increased lending for multifamily housing.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

April 16, 2012 (Chris Moore)

Overall economic growth continued to expand at a modest to moderate pace in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from mid-February through the beginning of April.

The Boston, Atlanta, Chicago, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis and Cleveland described activity in their Districts as modest. New York, Philadelphia and Richmond saw economic conditions improve while the Minneapolis and Kansas City Districts described their economic activity as growing at a solid pace and expanding at a faster pace.

Most Districts reported that manufacturing continued to show improved strength, with Boston and St. Louis reporting that manufacturing was mixed and Chicago reported that growth in production had leveled-off. Industries that reported increased sales in manufacturing included high-technology, cloud computing, automobiles and building materials.

Residential real estate construction activity remained at low levels with the exception of multi-family construction with apartments and senior housing reported to be expanding in many Districts. One contact in the Richmond District reported multi-family construction as being “on fire.”

Home prices remained weak or flat in Boston, New York, Minneapolis and San Francisco while several Districts reported that home prices continued to decline. Mild weather reportedly boosted housing activity in Boston, Philadelphia, and Kansas City.

Builder’s outlook was described as positive or slowing improving in Philadelphia, Cleveland, Atlanta, and Kansas City Districts while in Boston, builders were cautiously optimistic.

New York, Philadelphia, Cleveland, Richmond, Chicago, Kansas City, Dallas, and San Francisco reported that overall loan demand had improved.

Credit standards and quality were largely unchanged across the Districts with stable or improving loan quality reported from several Districts. Richmond reported bankers were offering easier credit terms to attract new borrowers. The Philadelphia and Cleveland Districts reported increased lending for multifamily housing.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.