Mixed News on the Economy
Mortgage origination's increased for the last few weeks with 81% of loans coming from refinances. According to Citi's Mortgage Industry News. Unemployment edged up and energy prices dropped. The economy continues to show mixed signs more evidence of a slow recovery.
Tim -- If a homeowner can refinance their mortgage and reduce either or both the term and payments, that's good for them and possibly some trickle-down to area businesses(possibly). Of course new purchases whether involving a mortgage or in all cash transaction -- the benefits to the local community is tremendous. Yes, it's all mixed up....
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