real estate burlington vermont condo home: Feds are Divided on the Economy's Future - 07/12/12 08:52 PM
<!-- This material is non-exclusively licensed to Bill Desautels and may not be copied, reproduced, or sold in any form whatsoever.-->The Federal Reserve released the minutes from its June Federal Open Market Committee meeting, revealing a Fed divided on the future of the U.S. economy. Mortgage rates are higher after the release of the minutes.
The Fed Minutes is the detailed recap of an FOMC meeting. It is the companion piece to the more brief, more well-known post-meeting FOMC press release.
For a comparison, whereas the Fed's June 20, 2012 press release contained 5 paragraphs and 490 words, the same meeting's minutes contain … (1 comments)

real estate burlington vermont condo home: Mortgage Rates Hit Another Low - 06/24/12 10:26 PM
<!-- This material is non-exclusively licensed to Bill Desautels and may not be copied, reproduced, or sold in any form whatsoever.-->
Mortgage rates have resumed their downward trend.
According to Freddie Mac's weekly Primary Mortgage Market Survey, the national average 30-year fixed rate mortgage rate fell 5 basis points to 3.66% this week. The rate is available to "prime" borrowers who are willing to pay, on average, 0.7 discount points plus a full set of closing costs.
30-year fixed rate mortgage rates are down in seven of the last eight weeks but, depending where you live, the mortgage rates made available … (0 comments)