| Apr 6, 2011 2:32PM Congress needs to pass a "Continuing Resolution" by midnight on Friday, April 8th to avoid a government shutdown. From Wikipedia : A continuing resolution is a type of appropriations legislation used by the United States Congress to fund government agencies if a formal appropriations bill has not been signed into law by the end of the Congressional fiscal year. The legislation takes the form of a joint resolution, and provides funding for existing federal programs at current or reduced levels. Reuters... Apr 8, 2011 4:10PM Mortgage rates moved higher this week following a RELEASE OF STORED ENERGY. The chart below graphs the average origination closing costs tied to specific note rates (as quoted by the five major mortgage lenders). Our most updated chart does a great job illustrating the recent spike in home loan borrowing costs. Stored energy was released in an unfriendly direction! If the note rate line is moving up, the closing costs associated with that note rate are rising. Each line represents a different 30...
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