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Fed: Economic Growth Continues to Expand
Fed: Economic Growth Continues to Expand
Fed: Economic Growth Continues to Expand
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June 13, 2012 (Chris Moore)

Overall economic growth continued to expand in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from the beginning of April through the end of May.

The New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis, Richmond and Minneapolis described activity in their Districts as modest. Boston reported that economic activity in its District was steady while Philadelphia reported that the rate of expansion in its District had slowed slightly.

Most Districts reported that manufacturing continued to expand with consumer spending reported to be unchanged or up slightly. Other industries that reported growth were new vehicle sales, travel and tourism, information technology, and non-financial services.

Several Districts, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, and San Francisco reported new home construction had increased during the latest reporting period, while in Philadelphia home construction eased and in Kansas City housing starts were down.

Multifamily construction remained a bright spot as Boston, Atlanta, and Chicago reported increased activity and Minneapolis reported that numerous projects were in the pipeline.

Most areas reported that home sales were above last year’ levels but that the pace of sales was still below historic standards but some Districts, Philadelphia, Atlanta, and Dallas, reported that home sales were exceeding expectations.

Home sales to investors in Richmond and Atlanta, which covers Florida, were reported to be strong.

Home prices remained weak or flat in most Districts despite reports of shrinking housing inventories.

Overall loan demand was reported as steady or slightly improving with New York and Cleveland reporting stronger mortgage activity, and the Richmond District reported that refinancing dominated an improving demand for mortgages.

Most Districts reported that credit quality remained solid as loan quality improved while loan delinquencies continued to decline.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

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NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

June 13, 2012 (Chris Moore)

Overall economic growth continued to expand in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from the beginning of April through the end of May.

The New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis, Richmond and Minneapolis described activity in their Districts as modest. Boston reported that economic activity in its District was steady while Philadelphia reported that the rate of expansion in its District had slowed slightly.

Most Districts reported that manufacturing continued to expand with consumer spending reported to be unchanged or up slightly. Other industries that reported growth were new vehicle sales, travel and tourism, information technology, and non-financial services.

Several Districts, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, and San Francisco reported new home construction had increased during the latest reporting period, while in Philadelphia home construction eased and in Kansas City housing starts were down.

Multifamily construction remained a bright spot as Boston, Atlanta, and Chicago reported increased activity and Minneapolis reported that numerous projects were in the pipeline.

Most areas reported that home sales were above last year’ levels but that the pace of sales was still below historic standards but some Districts, Philadelphia, Atlanta, and Dallas, reported that home sales were exceeding expectations.

Home sales to investors in Richmond and Atlanta, which covers Florida, were reported to be strong.

Home prices remained weak or flat in most Districts despite reports of shrinking housing inventories.

Overall loan demand was reported as steady or slightly improving with New York and Cleveland reporting stronger mortgage activity, and the Richmond District reported that refinancing dominated an improving demand for mortgages.

Most Districts reported that credit quality remained solid as loan quality improved while loan delinquencies continued to decline.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

June 13, 2012 (Chris Moore)

Overall economic growth continued to expand in all Federal Reserve Districts according to the latest edition of the Beige Book released by the Federal Reserve covering economic activity from the beginning of April through the end of May.

The New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts described activity as expanding at a moderate pace while St. Louis, Richmond and Minneapolis described activity in their Districts as modest. Boston reported that economic activity in its District was steady while Philadelphia reported that the rate of expansion in its District had slowed slightly.

Most Districts reported that manufacturing continued to expand with consumer spending reported to be unchanged or up slightly. Other industries that reported growth were new vehicle sales, travel and tourism, information technology, and non-financial services.

Several Districts, Cleveland, Atlanta, Chicago, St. Louis, Minneapolis, and San Francisco reported new home construction had increased during the latest reporting period, while in Philadelphia home construction eased and in Kansas City housing starts were down.

Multifamily construction remained a bright spot as Boston, Atlanta, and Chicago reported increased activity and Minneapolis reported that numerous projects were in the pipeline.

Most areas reported that home sales were above last year’ levels but that the pace of sales was still below historic standards but some Districts, Philadelphia, Atlanta, and Dallas, reported that home sales were exceeding expectations.

Home sales to investors in Richmond and Atlanta, which covers Florida, were reported to be strong.

Home prices remained weak or flat in most Districts despite reports of shrinking housing inventories.

Overall loan demand was reported as steady or slightly improving with New York and Cleveland reporting stronger mortgage activity, and the Richmond District reported that refinancing dominated an improving demand for mortgages.

Most Districts reported that credit quality remained solid as loan quality improved while loan delinquencies continued to decline.

Tags: Federal Reserve, Beige Book, housing market, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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