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Jobless Claims On the Rise Again

Jobless Claims On the Rise Again

Wednesday, 25 November 2020
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After falling for five straight weeks, the number of Americans applying for unemployment assistance has risen again the past two weeks. Read more...
Existing Home Sales Post Fifth Straight Uptick

Existing Home Sales Post Fifth Straight Uptick

Wednesday, 25 November 2020
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Sales of previously owned U.S. homes have now risen for five consecutive months. So reports Reuters. Read more...
Mortgage Rates Hit New Milestone With Drop Below 2.75%

Mortgage Rates Hit New Milestone With Drop Below 2.75%

Wednesday, 25 November 2020
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Mortgage rates have cracked a new watermark in a year of record lows, with the benchmark 30-year fixed-rate mortgage dipping below the 2.75% threshold for the first time ever. So reports Yahoo Finance. Read more...
Bodnar of MMG: A Vaccine and a Rapid Rise in COVID-19 Cases

Bodnar of MMG: A Vaccine and a Rapid Rise in COVID-19 Cases

Sunday, 15 November 2020
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Bill Bodnar of The Mortgage Market Guide discussed the impact of recent vaccine news, other potential vaccine candidates and the rapidly rising COVID-19 case count. Read more...
Veteran Home Loan Program Allows $0 Down on New Construction

Veteran Home Loan Program Allows $0 Down on New Construction

Thursday, 19 November 2020
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Data released from the Department of Veteran’s Affairs for their fiscal 4th quarter of 2020 showed the number of VA home purchase loans that were guaranteed at 128,927, an increase of 11.27% from the 4th quarter of 2019 which showed 115,873 home purchase loans guaranteed. Read more...
Freddie Mac CEO Out

Freddie Mac CEO Out

Friday, 13 November 2020
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David Brickman, CEO of Freddie Mac since 2018, is stepping down on Jan. 8, 2021. He tendered his resignation recently. So reports The American Banker. Read more...
Weekly Unemployment Claims Slow to Pandemic Low of 709,000

Weekly Unemployment Claims Slow to Pandemic Low of 709,000

Friday, 13 November 2020
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The weekly number of Americans filing for unemployment assistance for the first time has fallen to another pandemic-era low, but millions remain jobless. So reports CNBC. Read more...
NY Fed President Warns Economy Remains in 'Deep Hole'

NY Fed President Warns Economy Remains in 'Deep Hole'

Friday, 13 November 2020
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While the U.S. economy is on an upward path, it remains in a “deep hole” and could be hobbled by an uptick in COVID-19 cases, according to New York Federal Reserve Bank President John Williams. So reports Reuters. Read more...
Mortgage Rates Rise From 12th Record Low Amid Vaccine Hopes

Mortgage Rates Rise From 12th Record Low Amid Vaccine Hopes

Friday, 13 November 2020
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Mortgage rates have rebounded modestly from their 12th all-time low of 2020 amid encouraging activity around a COVID-19 vaccine. So reports MarketWatch. Read more...
'Not OK? That’s OK' Ad Campaign Targets Distressed Borrowers

'Not OK? That’s OK' Ad Campaign Targets Distressed Borrowers

Friday, 13 November 2020
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The Mortgage Bankers Association has joined a coalition of financial services stakeholders in a consumer awareness campaign for distressed borrowers called “Not OK? That’s OK.” Read more...

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