Wednesday, July 31, 2013

The Mortgage Update 7-31-2013

Treasuries are down amid speculation that the Fed may hint on the path for its bond purchases after a policy meeting today. Forecasts expect the U.S GDP to have expanded at a 1 percent pace in April to June versus a 1.8 percent growth rate the previous three months. A survey showed the jobless rates fell to 7.5 percent this month, from 7.6 percent in June before the Labor Department releases its numbers on August 2nd.




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