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More hopeful signs of a recovery in the housing market could be seen this week as Monday’s report on existing home sales figures showed a surprise jump of 5% for February and new home sales also surprised with a jump of 5%. For Bay County the increase for existing home sales was 29%. Statewide th...
At the adjournment of their meeting on Wednesday, the Federal Reserve's Open Market Committee announced that the Fed would purchase some $300 billion in long-term Treasury bonds and an additional $750 billion in mortgage-backed security debt. Left with fewer arrows in its quiver as the Federal Fu...
Mortgage rates remain remarkably stable with the thirty-year fixed rate hanging right around 5% with no points and as low as 4.75% with a point. This, despite a four day rally in the equity markets and a $34 billion Treasury bond auction last week both of which tend to drive interest rates higher...