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Housing Starts Climb Unexpectedly In May
The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.
Monthly Foreclosure Count Drops For 16th Straight Month
According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. Foreclosure counts have now dropped over 16 consecutive months, dating back to January 2010.
Mortgage Rates Surge On May Retail Sales Figures
Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.
Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks.
Mortgage rates have dropped 8 weeks in a row. Not even last year’s Refi Boom produced an 8-week winning streak. This season’s streak is historic.
What’s Ahead For Mortgage Rates This Week : June 13, 2011
Mortgage markets moved in feverish fashion last week, eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated higher.


