Monthly Archives: October 2015

Housing Holdbacks: Student Debt, Mortgage Market Confusion, and a Declining Marriage Rate


Despite a growing economy, a new survey has found that the financial pressures of student debt, persistent confusion about the mortgage process and a continuing nationwide marriage rate decline are important factors combining to slow the housing market. The third … Continue reading

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CFPB Sends Industry Letter on ‘Know Before You Owe’ Mortgage Disclosure Rule Compliance


The Consumer Financial Protection Bureau (CFPB) recently sent a letter to mortgage industry trade groups regarding the Know Before You Owe mortgage disclosure rule, which became effective October 3. The rule, also called the TILA-RESPA Integrated Disclosure rule, requires easier-to-use … Continue reading

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September’s Employment Situation Dimmer Than Expected


Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. “The September … Continue reading

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Mortgage Interest Rates Decreased in August


Nationally, interest rates on conventional purchase-money mortgages decreased from July to August, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 3.99 percent for … Continue reading

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