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savings rate: Nicole's Week in Review - 06/29/09 11:02 AM

Last week was a relatively calmer week in terms of volatility in mortgage rates.  This came as a surprise as we expected to see some pretty big swings on Thursday following the Fed's latest Federal Open Market Committee (FOMC) meeting.  Minutes released from the FOMC meeting indicate the Fed decided on no change to the Fed Funds rate, or to the Bond purchase program (which helps keep mortgage rates low).  One change from the prior meeting's statement was the Fed no longer sees deflation as a risk, which could signal inflation down the road.  Remember, inflation is the arch-enemy of … (1 comments)

savings rate: Nicole's Weekly Wrap-Up! - 02/09/09 09:56 PM

Employment
The labor department reported 598,000 jobs were lost in January. This is worse than the expected 540,000 job loss projection and puts current unemployment at 7.6%. Overall, 3.6 million jobs have been lost since December 2007, with half of them lost in the last 3 months. Ouch.
Personal Consumption
The PCE (Personal Consumption Index) reported its smallest gain in 5 years. This puts inflationary concerns in the backseat (for now) as the concern of deflation continues to loom. Dropping prices sounds pretty great, except they exasperate our slower economy as people delay spending in hopes of buying when prices … (0 comments)

 
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Nicole Lahti, Austin Texas Mortgage

Austin, TX

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United Lending

Address: 8303 N. Mopac Bldg. A-201, Austin, TX, 78759

Office Phone: (512) 592-5468

Cell Phone: (512) 507-8312

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