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  • Effective Rate on New Home Loans Drops Below 4 Percent

    Last month we reported that the contract rate on new home loans dipped below 4 percent in January, based on data released by the Federal Housing Finance Agency (FHFA).  In February, the rate continued to decline, from 3.92 to 3.79 percent, as did the average initial fees and charges on the loans, from 1.18 to 1.11.  In both cases, the… Read More ›

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  • Eye on the Economy: New and Existing Home Sales Increase in February

    Builders signed contracts on more homes last month than any time since early 2008, according to figures released by the Census Bureau and HUD. February seasonally adjusted annual new home sales topped out at a 539,000 annual pace, up 7.8% from a healthy 500,000 rate in January. In percentage terms, sales increased the most in the Northeast (153% over the… Read More ›

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  • Will Prices Trigger Fed Impatience?

    The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in February, and was unchanged over the past 12 months. According to the latest release from the Bureau of Labor Statistics (BLS), the seasonally adjusted increase in February was broad-based, including energy. The energy index increased 1.0% after seven consecutive monthly declines. The gasoline index, a component of the… Read More ›

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