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Monthly Archives: July 2010

    Housing Prices Show Stability After Modest Gain

    By Tom Toole | July 28, 2010

    Home prices rose slightly in May compared with a month earlier according to Prices were up 1.3% from April, and 4.6% from 12 months earlier. The rise in prices may be an effect of the end of the government’s incentive program. Values peaked, statistically, in July 2006 and fell for 33 consecutive months before... Read More

    Fed Chief Focused on Keeping Economic Recovery Moving Forward

    By Tom Toole | July 21, 2010

    As reported by the Associated Press, federal Reserve Chairman Ben Bernanke heads to Congress today with the message that The Fed is ready to take new steps to bolster the recovery if the economy worsens.  The recovery is losing momentum despite flashing signs of strength earlier in the year.  Many fear that the recovery may stall.... Read More

    Mortgage Rates Lowest in Five Decades

    By Tom Toole | July 1, 2010

    Mortgage rates have sunk to the lowest level in more than 5 decades, but consumers aren’t rushing to refinance their loans or buy homes according to and the Associated Press.  The mortgage company Freddie Mac quoted an average rate of 4.58% on a 30 year loan. Despite this great news, it is very uncertain whether or not... Read More

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