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Mortgage Rate Lock Advisory for New York and Florida Mortgage Rates for Wednesday, May 16, 2012
If you are looking for a Mortgage Professional who will give you the type of service that you deserve, contact Bob Amato (NMLS # 8632) and Empire Home Mortgage Inc. (NMLS # 44882). We answer our phones seven days a week until 9PM. Put us to the test! Our toll free number is (866) 742-5227.
 Visit our website, www.empirehomemortgageinc.com . There you can get answers to all of your financing questions, view rates and search for foreclosed properties.
 If you are considering locking in an interest rate for a New York mortgage or a Florida mortgage, read this post.
 The Commerce Department kicked off today’s economic events with the release of April's Housing Starts early this morning. They announced a surprising jump of 2.6% in new housing construction starts that exceeded forecasts. The report also showed a sizable upward revision to March’s figures, creating a 9.6% increase between February and April. That is a decent sized increase, indicating housing sector strength, making the data negative for bonds and mortgage rates.
 Posted mid morning was April's Industrial Production that also exceeded forecasts with a 1.1% increase in output at U.S. factories, mines and utilities. Since analysts were expecting to see an increase ... more

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