Posted in Delaware Mortgage Loans, Delaware Mortgage Rates, Financial News Update, Mortgage News on December 26th, 2006 No Comments »
The Producer Price Index — which measures inflation pressures at the wholesale level — surged 2% in November, the largest advance in more than three decades, the Labor Department said December 19. The 2% jump was four times bigger than the 0.5% increase economists had forecast. Core wholesale inflation, which excludes [...]
Posted in Delaware Mortgage Loans, Delaware Mortgage Rates, Financial News Update, Mortgage News on December 12th, 2006 No Comments »
On December 12, 2006 the Federal Reserve held interest rates steady by keeping the Federal Funds Rate at 5.25% for a fourth straight meeting, a move widely anticipated by industry experts. This comes on the coat tails of the Fed calling the recent cooling in the housing market “substantial.”
Even so, retail sales jumped 1% in November, [...]
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