Who would have guessed that the problems of a small, debt-challenged European nation would ripple across the Atlantic and result in a surprise discount for homebuyers and refinance applicants. That’s what happened last week when investors spooked by the problems in Greece and Europe shifted their funds to U.S.... Read more

The Federal Reserve recently renewed its pledge to keep interest rates low, holding the interbank overnight rates in the zero to 0.25 percent range. In it’s official statement the Fed relayed information from the Federal Open Market Committee (FOMC) which suggests that economic activity has continued to strengthen and that the labor market is stabilizing.

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