Mortgage Newsletter- August 6th, 2012 Dana Bain Premiere Mortgage 978-422-2311
By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-August 6th, 2012 Provided by Dana Bain & Robin Dunbar Bain Dana BainPremiere Mortgage Services www.Bainmortgage.com 11 Malvern Hill RoadSterling, MA 01564Phone: (978) 422-2311Fax: (978) 422-2313E-Mail: dana@bainmortgage.com Market CommentMortgage bond prices finished the week lower, which pushed mortgage rates higher.The economic data was mixed.The employment report released Friday showed the US economy added 163K jobs however the unemployment rate rose to 8.3%.The Federal Reserve did not make any changes at this week’s meeting, indicated a desire to keep rates low through 2014, and said they would continue to monitor the economy while they remained prepared to act as needed.Stocks and bonds ...
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