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The National Association of Realtors reported on April 5 that the Pending Home Sales Index — a leading indicator of the housing sector based on pending sales of existing homes — rose 8.2% to 97.6. That’s up from January’s figure of 90.2, and up 17.3% from the figure of 83.2 from February 2009. The Pending Home … Continue reading Pending Home Sales Rise in February
The Wall Street Journal reported today that risk premiums on mortgage-backed securities sold by Fannie Mae, Freddie Mac and Ginnie Mae widened by 0.4 of a percentage point since the Federal Reserve completed its $1.25 trillion purchase of mortgage-backed securities on Wednesday. Over the past week, risk premiums on securities widened by 0.13 of a percentage … Continue reading A Buyer’s Market For Mortgage-Backed Securities The markets were shocked yesterday morning at 8:15! The ADP employment report for March was widely thought to be up 40,000 jobs, but ADP reported private jobs actually fell by 23,000 jobs. This monthly decline was the smallest in two years and followed a revised 24,000 drop the prior month from the 20,000 that was … Continue reading Affordable Financial Services’ Weekly Finance Review |
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