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4T3A7878

  For the Week Ending January 16, 2015 Shelter Mortgage writes a vivid little weekly report on what’s happening this week in the housing and financial markets. I wondered if I could cut and paste it. i can! Look for these Market in a Minute reports as often as I can post them.The banker joke at the end is classic! Fed commentary on the economy shows moderate growth and more consumer spending. If correct, policy rate increases could occur this spring. December's employment report supports Fed findings. Again, if strength continues, the Fed could raise the policy rate this spring. In contrast, December's retail sales (released after the Fed's info was gathered) dropped unexpectedly. Negative economic news can help keep rate increases at bay. FHA is lowering its Mortgage Insurance Premiums (MIPs) by 0.5%. The move is expected to save the average FHA borrower $900 per … [Read more...]