Friday, March 15, 2013

DailyMarkets.com - US Mortgage Applications Decrease As 30-Year Mortgage Rates Rise

DailyMarkets.com - US Mortgage Applications Decrease As 30-Year Mortgage Rates Rise

US Mortgage Applications Decrease As 30-Year Mortgage Rates Rise

Posted: 15 Mar 2013 07:13 AM PDT

This week mortgage applications decreased by 4.7% compared to last week while 30-year mortgages increased their rates by 0.11%, which, according to Freddie Mac, is the largest increase in mortgage rates we have seen this year.

30-year fixed-rate mortgages increased this week from 3.52% last week to 3.63% this week, which is the highest mortgage rate we have seen this year when it comes to 30-year rates.

15-year fixed-rate mortgages increased their rates to 2.79% compared to 2.76% last … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Josh Rosner Torches JP Morgan

Posted: 15 Mar 2013 04:17 AM PDT


It is not often that an industry insider unleashes a report on a major financial institution that makes me sit up and immediately think, "I need to share this . . . .NOW."

Well, I just sat up.

If you have any doubts that our "too big to fail" banks are out of control and hence "too big to regulate" and "too big to prosecute", you will want to read a report written by Graham Fisher's Josh Rosner.

I can assure you this report will generate a lot of focus from even the generally compliant financial media. I thank the friend of Sense on Cents who brought it to my attention. I recommend you put you coffee down as Rosner writes, >>>>> … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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