Category Archives: Economic news

Guest Post – Weekly Economic Summary by Shaun Meller of Bank of America

Last week in review – (January 17 – 21, 2011)   The US dollar is starting 2011 with its value dropping relative to other currencies. Let’s take a look at why and what this could mean for home loan rates. Some … Continue reading

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Bumpy Ride on the Road to Recovery

Lyrics to Bumpy Ride by Robyn: Even though it’s a bumpy ride Keep your head above the waterline Keep focused and you’ll make it through Keep on rollin’ is what you’ve got to do Even though it’s a bumpy ride … Continue reading

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Deflation, Inflation, Interest Rates, and Home Pricing

The psychology of deflation has worked to put continued downward pressure on nationwide home prices over the past twenty-four months. The deflationary spiral works like this: 1.  Consumer spending slows by choice (purchasers are “deal hunting”), or by discretion (purchasers … Continue reading

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