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You're Now Reading:
Fed: Economic Growth Continues to Expand
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Fed: Economic Growth Continues to Expand
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: Economic Growth Continues to Expand
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

June 13, 2012 (Chris Moore)

Overall economic growth continued to expand in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from the beginning of April through the end of May.

The New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis, Richmond and Minneapolis described activity in their Districts as modest. Boston reported that economic activity in its District was steady while Philadelphia reported that the rate of expansion in its District had slowed slightly.

Most Districts reported that manufacturing continued to expand with consumer spending reported to be unchanged or up slightly. Other industries that reported growth were new vehicle sales, travel and tourism, information technology, and non-financial services.

Several Districts, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, and San Francisco reported new home construction had increased during the latest reporting period, while in Philadelphia home construction eased and in Kansas City housing starts were down.

Multifamily construction remained a bright spot as Boston, Atlanta, and Chicago reported increased activity and Minneapolis reported that numerous projects were in the pipeline.

Most areas reported that home sales were above last year’ levels but that the pace of sales was still below historic standards but some Districts, Philadelphia, Atlanta, and Dallas, reported that home sales were exceeding expectations.

Home sales to investors in Richmond and Atlanta, which covers Florida, were reported to be strong.

Home prices remained weak or flat in most Districts despite reports of shrinking housing inventories.

Overall loan demand was reported as steady or slightly improving with New York and Cleveland reporting stronger mortgage activity, and the Richmond District reported that refinancing dominated an improving demand for mortgages.

Most Districts reported that credit quality remained solid as loan quality improved while loan delinquencies continued to decline.

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

June 13, 2012 (Chris Moore)

Overall economic growth continued to expand in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from the beginning of April through the end of May.

The New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis, Richmond and Minneapolis described activity in their Districts as modest. Boston reported that economic activity in its District was steady while Philadelphia reported that the rate of expansion in its District had slowed slightly.

Most Districts reported that manufacturing continued to expand with consumer spending reported to be unchanged or up slightly. Other industries that reported growth were new vehicle sales, travel and tourism, information technology, and non-financial services.

Several Districts, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, and San Francisco reported new home construction had increased during the latest reporting period, while in Philadelphia home construction eased and in Kansas City housing starts were down.

Multifamily construction remained a bright spot as Boston, Atlanta, and Chicago reported increased activity and Minneapolis reported that numerous projects were in the pipeline.

Most areas reported that home sales were above last year’ levels but that the pace of sales was still below historic standards but some Districts, Philadelphia, Atlanta, and Dallas, reported that home sales were exceeding expectations.

Home sales to investors in Richmond and Atlanta, which covers Florida, were reported to be strong.

Home prices remained weak or flat in most Districts despite reports of shrinking housing inventories.

Overall loan demand was reported as steady or slightly improving with New York and Cleveland reporting stronger mortgage activity, and the Richmond District reported that refinancing dominated an improving demand for mortgages.

Most Districts reported that credit quality remained solid as loan quality improved while loan delinquencies continued to decline.

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.

June 13, 2012 (Chris Moore)

Overall economic growth continued to expand in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from the beginning of April through the end of May.

The New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis, Richmond and Minneapolis described activity in their Districts as modest. Boston reported that economic activity in its District was steady while Philadelphia reported that the rate of expansion in its District had slowed slightly.

Most Districts reported that manufacturing continued to expand with consumer spending reported to be unchanged or up slightly. Other industries that reported growth were new vehicle sales, travel and tourism, information technology, and non-financial services.

Several Districts, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, and San Francisco reported new home construction had increased during the latest reporting period, while in Philadelphia home construction eased and in Kansas City housing starts were down.

Multifamily construction remained a bright spot as Boston, Atlanta, and Chicago reported increased activity and Minneapolis reported that numerous projects were in the pipeline.

Most areas reported that home sales were above last year’ levels but that the pace of sales was still below historic standards but some Districts, Philadelphia, Atlanta, and Dallas, reported that home sales were exceeding expectations.

Home sales to investors in Richmond and Atlanta, which covers Florida, were reported to be strong.

Home prices remained weak or flat in most Districts despite reports of shrinking housing inventories.

Overall loan demand was reported as steady or slightly improving with New York and Cleveland reporting stronger mortgage activity, and the Richmond District reported that refinancing dominated an improving demand for mortgages.

Most Districts reported that credit quality remained solid as loan quality improved while loan delinquencies continued to decline.

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.