| Jun 20, 2012 4:24PM Mortgage Rates rose modestly today even before the FOMC-related events caused additional weakness in the afternoon. That said, the overall level of market movement and movement in mortgage rates was on the tame side compared to past examples of Fed days, and it left lenders' rate sheets in line with recent offerings, though drifting up towards a 3.75% Best-Execution level to a greater extent than the past few sessions. For the record, we'd say Best-Ex remains at 3.625, but some lenders will have... Jun 20, 2012 1:02PM Information received since the Federal Open Market Committee met in March April suggests that the economy has been expanding moderately. Labor market conditions have improved moderately this year. However, growth in employment has slowed in recent months; months, and the unemployment rate has declined but remains elevated. Household spending and business Business fixed investment have has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year...
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