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Fed Beige Book: Housing Conditions Remain Weak
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
Fed Beige Book: Housing Conditions Remain Weak
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:
Fed Beige Book: Housing Conditions Remain Weak
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

October 19, 2011 (Chris Moore)

Economic activity continued to expand at a “modest” or “slight” pace with a weaker or less certain outlook as consumers spent more in September but an uncertain future was keeping businesses from hiring and spending according to the latest edition of the Beige Book released by the Federal Reserve.

Consumer spending was up in September with most of the reported increases in auto sales. A large number of the Districts reported that non-auto retail sales remained flat while most of the Districts reported that auto sales had increased.

Real estate and construction activity was little changed from the last Beige Book with overall conditions remaining weak in all twelve Districts.

Housing construction activity, particularly single-family homes, remained at low levels with the Philadelphia, Cleveland and Minneapolis Districts reporting small increases in single family construction.

Multi-family housing construction continued to be the bright spot in a dismal housing picture as the Boston, Philadelphia, Cleveland, Kansas City, Dallas and San Francisco Districts reported that construction of multi-family housing continued at a moderate pace.

All 12 Districts reported weak home sales overall with home prices reported to be either flat or declining. Likewise, rental demand was reported to be rising across all districts.

Loan demand moved lower since the last report with the exception of an increase in mortgage refinancing reported by many districts.

Consumer loan demand declined in the Cleveland, Chicago and Kansas City Districts while the New York and San Francisco Districts reported consumer loan demand held steady.

The New York, Philadelphia, Cleveland, Richmond, Chicago and Kansas City Districts all reported increased mortgage refinancing due to lower mortgage rates.

Loan standards by some Districts was reported as tight, but the strong competition for high quality buyers by banks was leading to lower rates and fees for customers.

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 MortgageLoanRateUpdate 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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

October 19, 2011 (Chris Moore)

Economic activity continued to expand at a “modest” or “slight” pace with a weaker or less certain outlook as consumers spent more in September but an uncertain future was keeping businesses from hiring and spending according to the latest edition of the Beige Book released by the Federal Reserve.

Consumer spending was up in September with most of the reported increases in auto sales. A large number of the Districts reported that non-auto retail sales remained flat while most of the Districts reported that auto sales had increased.

Real estate and construction activity was little changed from the last Beige Book with overall conditions remaining weak in all twelve Districts.

Housing construction activity, particularly single-family homes, remained at low levels with the Philadelphia, Cleveland and Minneapolis Districts reporting small increases in single family construction.

Multi-family housing construction continued to be the bright spot in a dismal housing picture as the Boston, Philadelphia, Cleveland, Kansas City, Dallas and San Francisco Districts reported that construction of multi-family housing continued at a moderate pace.

All 12 Districts reported weak home sales overall with home prices reported to be either flat or declining. Likewise, rental demand was reported to be rising across all districts.

Loan demand moved lower since the last report with the exception of an increase in mortgage refinancing reported by many districts.

Consumer loan demand declined in the Cleveland, Chicago and Kansas City Districts while the New York and San Francisco Districts reported consumer loan demand held steady.

The New York, Philadelphia, Cleveland, Richmond, Chicago and Kansas City Districts all reported increased mortgage refinancing due to lower mortgage rates.

Loan standards by some Districts was reported as tight, but the strong competition for high quality buyers by banks was leading to lower rates and fees for customers.

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.

October 19, 2011 (Chris Moore)

Economic activity continued to expand at a “modest” or “slight” pace with a weaker or less certain outlook as consumers spent more in September but an uncertain future was keeping businesses from hiring and spending according to the latest edition of the Beige Book released by the Federal Reserve.

Consumer spending was up in September with most of the reported increases in auto sales. A large number of the Districts reported that non-auto retail sales remained flat while most of the Districts reported that auto sales had increased.

Real estate and construction activity was little changed from the last Beige Book with overall conditions remaining weak in all twelve Districts.

Housing construction activity, particularly single-family homes, remained at low levels with the Philadelphia, Cleveland and Minneapolis Districts reporting small increases in single family construction.

Multi-family housing construction continued to be the bright spot in a dismal housing picture as the Boston, Philadelphia, Cleveland, Kansas City, Dallas and San Francisco Districts reported that construction of multi-family housing continued at a moderate pace.

All 12 Districts reported weak home sales overall with home prices reported to be either flat or declining. Likewise, rental demand was reported to be rising across all districts.

Loan demand moved lower since the last report with the exception of an increase in mortgage refinancing reported by many districts.

Consumer loan demand declined in the Cleveland, Chicago and Kansas City Districts while the New York and San Francisco Districts reported consumer loan demand held steady.

The New York, Philadelphia, Cleveland, Richmond, Chicago and Kansas City Districts all reported increased mortgage refinancing due to lower mortgage rates.

Loan standards by some Districts was reported as tight, but the strong competition for high quality buyers by banks was leading to lower rates and fees for customers.

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.