The U.S. economy grew at a 2.5 percent annual rate in the second quarter, faster than initially estimated, as American companies exported more and consumers bought fewer imports than the government had calculated last month. The number was revised up from the government’s initial announcement that the economy had grown at a 1.7 percent annual…
More jobs and easier loan terms will boost demand for new mortgages in the second half of this year as homebuyers shrug off higher interest rates, according to a Fannie Mae forecast. Lending for mortgages to purchase homes will increase 21 percent for the final six months of 2013 to $341 billion from $282 billion…
In mid-July, Federal Reserve Chairman Ben Bernanke attempted to soothe the markets’ fears about home loan rate increases. As a result, Bond prices bounced higher from lows not seen in two years, and Stocks traded at all-time highs. Indeed home loan rates have certainly moved up a little, down a little. Bernanke also repeated that…