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You're Now Reading:
Fed Beige Book: Pace of Growth is Slowing
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: Pace of Growth is Slowing
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: Pace of Growth is Slowing
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

June 9, 2011 (Chris Moore)

Economic activity continued to expand, though there were indications of slowing in the pace of growth according to the latest edition of the Beige Book released by the Federal Reserve. Of the Twelve Federal Reserve Districts, four Districts reported some economic deceleration, seven indicated that growth remained at a steady pace, and the Dallas District reported it region’s economy was accelerating.

Real estate and housing construction continued to show widespread weakness across all Districts. The only real bright spot was in the rental segment, where market conditions have strengthened.

Most Districts reported some downward drift in selling prices, with the New York and Cleveland districts reporting that prices have been steady. No district reported an increase in home prices.

Home sales activity continued at low levels, although the Philadelphia, Atlanta, Chicago, and Kansas City Districts indicated a slight improvement. The Boston District characterized their market as stabilizing, with the New York, Cleveland, Dallas and San Francisco Districts reporting housing sales as mostly steady.

Housing sales in the Dallas District indicated that traffic was improving, while sales in the St. Louis and Minneapolis Districts are reported to be declining.

Residential construction generally remained depressed with many of the Districts reporting large inventories of distressed properties.

Demand for residential mortgages (including new purchases and refinances) increased in Cleveland but held steady in New York, Richmond, St. Louis, and Kansas City as credit standards overall eased a bit. The St. Louis District reported credit standards for home mortgage loans tightened somewhat and the Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco Districts noted improvements in overall credit quality.

You can read the report in its entirety on the Federal Reserve’s website.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, real estate markets, single family homes, multifamily market, construction activity

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

June 9, 2011 (Chris Moore)

Economic activity continued to expand, though there were indications of slowing in the pace of growth according to the latest edition of the Beige Book released by the Federal Reserve. Of the Twelve Federal Reserve Districts, four Districts reported some economic deceleration, seven indicated that growth remained at a steady pace, and the Dallas District reported it region’s economy was accelerating.

Real estate and housing construction continued to show widespread weakness across all Districts. The only real bright spot was in the rental segment, where market conditions have strengthened.

Most Districts reported some downward drift in selling prices, with the New York and Cleveland districts reporting that prices have been steady. No district reported an increase in home prices.

Home sales activity continued at low levels, although the Philadelphia, Atlanta, Chicago, and Kansas City Districts indicated a slight improvement. The Boston District characterized their market as stabilizing, with the New York, Cleveland, Dallas and San Francisco Districts reporting housing sales as mostly steady.

Housing sales in the Dallas District indicated that traffic was improving, while sales in the St. Louis and Minneapolis Districts are reported to be declining.

Residential construction generally remained depressed with many of the Districts reporting large inventories of distressed properties.

Demand for residential mortgages (including new purchases and refinances) increased in Cleveland but held steady in New York, Richmond, St. Louis, and Kansas City as credit standards overall eased a bit. The St. Louis District reported credit standards for home mortgage loans tightened somewhat and the Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco Districts noted improvements in overall credit quality.

You can read the report in its entirety on the Federal Reserve’s website.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, real estate markets, single family homes, multifamily market, construction activity

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.

June 9, 2011 (Chris Moore)

Economic activity continued to expand, though there were indications of slowing in the pace of growth according to the latest edition of the Beige Book released by the Federal Reserve. Of the Twelve Federal Reserve Districts, four Districts reported some economic deceleration, seven indicated that growth remained at a steady pace, and the Dallas District reported it region’s economy was accelerating.

Real estate and housing construction continued to show widespread weakness across all Districts. The only real bright spot was in the rental segment, where market conditions have strengthened.

Most Districts reported some downward drift in selling prices, with the New York and Cleveland districts reporting that prices have been steady. No district reported an increase in home prices.

Home sales activity continued at low levels, although the Philadelphia, Atlanta, Chicago, and Kansas City Districts indicated a slight improvement. The Boston District characterized their market as stabilizing, with the New York, Cleveland, Dallas and San Francisco Districts reporting housing sales as mostly steady.

Housing sales in the Dallas District indicated that traffic was improving, while sales in the St. Louis and Minneapolis Districts are reported to be declining.

Residential construction generally remained depressed with many of the Districts reporting large inventories of distressed properties.

Demand for residential mortgages (including new purchases and refinances) increased in Cleveland but held steady in New York, Richmond, St. Louis, and Kansas City as credit standards overall eased a bit. The St. Louis District reported credit standards for home mortgage loans tightened somewhat and the Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco Districts noted improvements in overall credit quality.

You can read the report in its entirety on the Federal Reserve’s website.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, real estate markets, single family homes, multifamily market, construction activity

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.