Housing Data is Encouraging, Oil Prices Climb - 02/24/12 11:35 AM
The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates this week, and rates ended the week a little lower.
Investors are beginning to focus on the price of oil. Concerns about Iran have pushed oil prices up to the highest level in nine months. Higher energy prices are bad for consumers and the economy. Since higher oil prices have two opposite effects on inflation, though, the impact on mortgage rates is uncertain. Rising … (0 comments)

 

Jim Kochakian

Methuen, MA

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Greenpark Mortgage, a Division of Berkshire Bank

Address: 232 Pleasant Street, Methuen, MA, 01844

Office Phone: (978) 688-2480 x 12

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