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Fed Beige Book: Housing Still Weakest Sector
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You're Now Reading:
Fed Beige Book: Housing Still Weakest Sector
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 Still Weakest Sector
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October 21 2010 (Chris Moore)
federal-reserve-building
The Federal Reserve released its periodic “Beige Book” survey on Wednesday and reported that the economy is growing slowly with some bright spots in manufacturing, travel, tourism and auto sales, but joblessness continues to be at 9.6 percent and housing remains the weakest sector.

The report, which was released on Wednesday, was slightly more upbeat than the previous one, which noted widespread signs of decelerating growth. However, it said that consumers remained focused on buying necessities and most housing markets across the US were still weak, with sales down from a year ago.

“The Beige Book was particularly beige this month, with no great surprises one way or the other,” David Ader, head of government bond strategy at Stamford, Connecticut-based CRT Capital Group LLC, wrote in a note to clients. “In and of itself, we’d not say this nails the coffin of QE, but does nothing to detract from it, either.”

Philadelphia, Dallas, and Kansas City reported increasing home sales. Kansas City, New York, and Minneapolis reported declining home prices. Home builders continue to report declining price pressures. There is likely to be little construction through the end of the year.

The only reported growth in commercial real estate is in apartments.

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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 21 2010 (Chris Moore)
federal-reserve-building
The Federal Reserve released its periodic “Beige Book” survey on Wednesday and reported that the economy is growing slowly with some bright spots in manufacturing, travel, tourism and auto sales, but joblessness continues to be at 9.6 percent and housing remains the weakest sector.

The report, which was released on Wednesday, was slightly more upbeat than the previous one, which noted widespread signs of decelerating growth. However, it said that consumers remained focused on buying necessities and most housing markets across the US were still weak, with sales down from a year ago.

“The Beige Book was particularly beige this month, with no great surprises one way or the other,” David Ader, head of government bond strategy at Stamford, Connecticut-based CRT Capital Group LLC, wrote in a note to clients. “In and of itself, we’d not say this nails the coffin of QE, but does nothing to detract from it, either.”

Philadelphia, Dallas, and Kansas City reported increasing home sales. Kansas City, New York, and Minneapolis reported declining home prices. Home builders continue to report declining price pressures. There is likely to be little construction through the end of the year.

The only reported growth in commercial real estate is in apartments.

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 21 2010 (Chris Moore)
federal-reserve-building
The Federal Reserve released its periodic “Beige Book” survey on Wednesday and reported that the economy is growing slowly with some bright spots in manufacturing, travel, tourism and auto sales, but joblessness continues to be at 9.6 percent and housing remains the weakest sector.

The report, which was released on Wednesday, was slightly more upbeat than the previous one, which noted widespread signs of decelerating growth. However, it said that consumers remained focused on buying necessities and most housing markets across the US were still weak, with sales down from a year ago.

“The Beige Book was particularly beige this month, with no great surprises one way or the other,” David Ader, head of government bond strategy at Stamford, Connecticut-based CRT Capital Group LLC, wrote in a note to clients. “In and of itself, we’d not say this nails the coffin of QE, but does nothing to detract from it, either.”

Philadelphia, Dallas, and Kansas City reported increasing home sales. Kansas City, New York, and Minneapolis reported declining home prices. Home builders continue to report declining price pressures. There is likely to be little construction through the end of the year.

The only reported growth in commercial real estate is in apartments.

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.