According to foreclosure data firm RealtyTrac, foreclosure activity increased 1 percent in August as compared to the month prior, climbing to just above 193,500 units nationwide.
What’s Ahead For Mortgage Rates This Week : September 17, 2012
Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus.
Simple Explanation Of The Federal Reserve Statement (September 13 , 2012)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Thursday, while adding new market stimulus.
FOMC Expected To Announce New Stimulus Today
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.
Improving Market Index Climbs To 99
The number of U.S. housing markets showing “measurable and sustained growth” has increased by 19 this month, according to the National Association of Homebuilders’ Improving Market Index.
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