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Fed Beige Book: Reduced Expectations for Economic Growth
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You're Now Reading:
Fed Beige Book: Reduced Expectations for Economic Growth
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: Reduced Expectations for Economic Growth
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September 12, 2011 (Chris Moore)

Economic activity continued to expand at a modest pace with some Districts of the Federal Reserve reporting mixed or weakening activity according to the latest edition of the Beige Book released by the Federal Reserve.

Of the Twelve Federal Reserve Districts, five Districts reported economic activity as either modest or slightly expanding, three Districts reported economic activity at a subdued or at a sluggish pace, and the remaining Districts reported slowing or weaker overall economic activity.

Several Districts reported that many contacts had downgraded or had become more cautious about their near term economic outlook due to the recent stock market volatility and increased economic uncertainty.

Real estate remained weak overall with the Boston, Atlanta, Minneapolis and Dallas Districts reporting an increase in home sales over year ago levels. The remaining Districts reported stable or slower sales since the last Beige Book. Foreclosure backlogs were cited in several Districts as weighing down the housing market in their areas.

Housing construction activity remained weak and stagnant except in the Minneapolis and Kansas City Districts. Apartment building showed improvement in New York, Philadelphia, and Cleveland with several Districts also reporting improvements in home remodeling activity.

Most Districts reported flat or declining home sales prices except for New York, which reported prices in many areas edged higher though below year ago prices.

Housing inventory levels were reported to be rising in several Districts with demand for apartment space increasing in San Francisco and Dallas.

Loan demand was reported as stable or slightly weaker in most Districts since the last report with only New York and Cleveland reporting an increased demand for residential mortgages.

Loan quality was generally improved in most Districts and credit standards were largely unchanged since the last report. Several Districts reported reduced economic expectations for economic growth due to volatility in financial markets, a weak economic recovery, and uncertainty about financial regulations.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, 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.
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.
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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.
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Rates

September 12, 2011 (Chris Moore)

Economic activity continued to expand at a modest pace with some Districts of the Federal Reserve reporting mixed or weakening activity according to the latest edition of the Beige Book released by the Federal Reserve.

Of the Twelve Federal Reserve Districts, five Districts reported economic activity as either modest or slightly expanding, three Districts reported economic activity at a subdued or at a sluggish pace, and the remaining Districts reported slowing or weaker overall economic activity.

Several Districts reported that many contacts had downgraded or had become more cautious about their near term economic outlook due to the recent stock market volatility and increased economic uncertainty.

Real estate remained weak overall with the Boston, Atlanta, Minneapolis and Dallas Districts reporting an increase in home sales over year ago levels. The remaining Districts reported stable or slower sales since the last Beige Book. Foreclosure backlogs were cited in several Districts as weighing down the housing market in their areas.

Housing construction activity remained weak and stagnant except in the Minneapolis and Kansas City Districts. Apartment building showed improvement in New York, Philadelphia, and Cleveland with several Districts also reporting improvements in home remodeling activity.

Most Districts reported flat or declining home sales prices except for New York, which reported prices in many areas edged higher though below year ago prices.

Housing inventory levels were reported to be rising in several Districts with demand for apartment space increasing in San Francisco and Dallas.

Loan demand was reported as stable or slightly weaker in most Districts since the last report with only New York and Cleveland reporting an increased demand for residential mortgages.

Loan quality was generally improved in most Districts and credit standards were largely unchanged since the last report. Several Districts reported reduced economic expectations for economic growth due to volatility in financial markets, a weak economic recovery, and uncertainty about financial regulations.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, 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.

September 12, 2011 (Chris Moore)

Economic activity continued to expand at a modest pace with some Districts of the Federal Reserve reporting mixed or weakening activity according to the latest edition of the Beige Book released by the Federal Reserve.

Of the Twelve Federal Reserve Districts, five Districts reported economic activity as either modest or slightly expanding, three Districts reported economic activity at a subdued or at a sluggish pace, and the remaining Districts reported slowing or weaker overall economic activity.

Several Districts reported that many contacts had downgraded or had become more cautious about their near term economic outlook due to the recent stock market volatility and increased economic uncertainty.

Real estate remained weak overall with the Boston, Atlanta, Minneapolis and Dallas Districts reporting an increase in home sales over year ago levels. The remaining Districts reported stable or slower sales since the last Beige Book. Foreclosure backlogs were cited in several Districts as weighing down the housing market in their areas.

Housing construction activity remained weak and stagnant except in the Minneapolis and Kansas City Districts. Apartment building showed improvement in New York, Philadelphia, and Cleveland with several Districts also reporting improvements in home remodeling activity.

Most Districts reported flat or declining home sales prices except for New York, which reported prices in many areas edged higher though below year ago prices.

Housing inventory levels were reported to be rising in several Districts with demand for apartment space increasing in San Francisco and Dallas.

Loan demand was reported as stable or slightly weaker in most Districts since the last report with only New York and Cleveland reporting an increased demand for residential mortgages.

Loan quality was generally improved in most Districts and credit standards were largely unchanged since the last report. Several Districts reported reduced economic expectations for economic growth due to volatility in financial markets, a weak economic recovery, and uncertainty about financial regulations.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, 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.