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Real Estate News Feeds(Internet) |
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Mortgage News Daily - Mortgage And Real Estate News
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MortgageNewsDaily.com provides up to the minute news for the mortgage and real estate professional.
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Upward Revision to U.S. Q2 GDP Due to Exports and Tax Rebates
The strong upward revision to second quarter U.S. GDP
was the result of strong exports and the fiscal stimulus package,
according to economists who are already looking forward to GDP results
from the third quarter.
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Q2 Preliminary U.S. GDP Revised Up to 3.3%
Second-quarter U.S. GDP rose above expectations in
the preliminary report, rising to 3.3% from the previously reported 1.9%,
the Bureau of Economic Analysis reported on Thursday.
Economists were expecting a revision to 2.7%. First-quarter growth in
2008 was 0.9%. Exports advanced by 13.2% in the revision, up from...
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Thursday's Events: U.S. Prelim GDP, Jobless Claims
In the U.S., the focus will be on preliminary Q2 GDP
data and jobless claims figures, while Canadian
markets receive second-quarter current account numbers.
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Bankruptcy Filings Near 1 Million Mark, Up 29% on the Year
The number of U.S. residents and businesses that filed for
bankruptcy rose 28.9% to 976,831 for the year ended June 30,
2008, according to U.S. court data released Wednesday.
The Administrative Office of the U.S. Courts reported that non-
business filings comprised 96.5% of that total...
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Mortgage Rates Drop Slightly but Loan Applications Way Down from 2007 Levels
Mortgage interest rates broke through the gridlock of
the last few weeks and, with the exception of one-year adjustable rates,
moved lower.
Mortgage activity as measured by the volume of loan
applications increased by a marginal 0.5 percent on a seasonally
adjusted basis from a week earlier and decreased by 0.9 percent
unadjusted. Volume was down 31.2 percent compared to the same week in
2007.
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