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Feb 4, 2013 5:39PM
Small numbers of domestic banks responded to the Federal Reserve's January survey of senior loan officers with indications that they have eased their credit standards across major loan categories over the last three months. Domestic banks reported that demand for business loans, prime residential mortgages and auto loans had increased while demand for other types of loans was essentially unchanged. U.S. branches and agencies of foreign reported little change in their lending standards but a net increase...
Feb 4, 2013 4:11PM
Mortgage rates regained a good amount of lost ground today as most lenders' rate sheets were in line with or better than last week's rates. The overall movement wasn't enough to justify a shift back to 3.5% Best-Execution from the recently more prevalent 3.625%, but it's a step in that direction. The differences in rates would be more noticeable in terms of the closing COSTS or lender credit as opposed to the rates themselves. ( What is A Best-Execution Mortgage Rate? ) Bond markets were fairly calm...
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