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Welcome

The Real Estate LibraryWelcome to our award-winning web site.  We have taken great pains to make the web site simple and pleasureable to visit and navigate.  It's no wonder people come back again and again to enjoy the rich, helpful content.  And we'd love your feedback too!

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Mortgage News Daily - Mortgage And Real Estate News


What's Priced In: Current Market Expectations for Future Monetary Policy - 7 hours ago
Markets are currently pricing in the following probabilities for future interest rate moves as of the close on Wednesday:FED- OIS Implied RatesMarkets are pricing in a 12% chance of a 25bp hike by the next meeting on Sept. 16.Markets are pricing in a 21% chance of a 25bp hike by year-end... Read More Now
U.S. Initial Jobless Claims Fall Back to 432k - 7 hours ago
Initial claims for unemployment benefits in the United States dropped back slightly to 432k in the week ending Aug. 16, coming down 13k from the previous week's downwardly revised 445k figure, the Department of Labor reported on Thursday. Continuing claims fell to 3.362 million for the week ending Aug. 9. Read More Now
Thursday's Events: U.S. Jobless Claims, Philly Fed - 7 hours ago
Following the early-morning release of Canadian CPI, markets will now turn their attention to the release of U.S. initial and continuing jobless claims and the Philly Fed survey for August. Read More Now
Fed's Stern Says Now Not "Appropriate Time" to Close Fannie, Freddie - 23 hours ago
Federal Reserve Bank of Minneapolis President Gary Stern said Wednesday that now is not an "appropriate time" to close government-sponsored Enterprises Fannie Mae and Freddie Mac. Speaking on Bloomberg Television, Stern said it is "important" for Fannie and Freddie to function and that they should be re-oriented towards lower income buyers. Read More Now
Expect Two More 'Waves' of U.S. Foreclosures, Economist Warns - 23 hours ago
While the U.S is currently in the midst of the largest bout of home foreclosures in at least 30 years, at least one economist says two more 'waves' are likely on the way. Patrick Newport, a housing economist at Global Insight, said the next round of foreclosures could come over the next several months as a result of... Read More Now

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