Monthly Archives: October 2010

Rock Bottom Mortgage Rates Increase Sales

Financial FAQs It seems that the lowest mortgage rates since the 1950s are making a difference. New-home sales rose 6 percent and existing-home sales increased 10 percent in September, “affirming that a sales recovery has begun”, said the National Association … Continue reading

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Zero Inflation Won’t Help Economy Grow

Financial FAQs Fed Chairman Ben Bernanke in his most recent speech said that more Quantitative Easing may be necessary, in order to comply with the Fed’s longer-run sustainable rate of unemployment and the mandate-consistent inflation rate. The longer-run sustainable rate … Continue reading

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When Will Hiring Improve?

Financial FAQs All eyes are focused on the jobs market as September’s unemployment report showed progress in private hiring, but a loss of 50,000 education jobs, as states and local governments sliced more than 159,000 jobs off their payrolls. When … Continue reading

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Pending Sales Show Housing Improvement

The Mortgage Corner   The NAR’s Pending Home Sale Index, a forward-looking indicator of existing-home sales, rose 4.3 percent to 82.3 based on contracts signed in August from 78.9 in July. The data reflects contracts and not closings, which normally … Continue reading

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