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    Economic Update – Week Ending July, 26, 2014

    Home mortgage interest rates were unchanged this week at the lowest levels in over one year. Freddie Mac reported that the national average for a 30 year fixed rate was 4.13%, the same as last week. One year ago the rate was 3.31% and on January 1, 2014 it was 4.52%.   The 15 year rate was 3.26%, about the same […]

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    Economic Update – Week Ending July 19, 2014

    I have been taking a little hiatus from posting weekly economic updates for the summer, but couldn’t help but post again this week due to interesting and “post worthy” information. I hope you find it helpful. If you are considering real estate purchases and/or selling, the following update is worth some consideration to act now. […]

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    Economic Update – Week Ending June 14, 2014

    Growing tensions in Iraq have already begun to impact oil prices. Crude oil prices have already hit 10-month highs and gas prices, which typically rise during summer months anyway, may go even higher. Oil is now up to $107 a barrel. The retail sales report for May from the Commerce Department showed that retail sales rose 0.3%. This was below economists’ […]

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