| Aug 2, 2012 3:50PM Mortgage Rates ranged from unchanged to slightly improved today after facing a tremendous amount of uncertainty in the past two days. Yesterday's FOMC Announcement caused plenty of volatility in the secondary mortgage market resulting in higher rates across the board. We then set our sights on the European Central Bank's policy announcement that took place early this morning before domestic markets opened. Most market participants considered the ECB announcement to actually be the more significant... Aug 2, 2012 5:46PM While unemployment remains relatively high, it is important to recognize that small businesses and their employees have borne the brunt of job loss with over 90 percent of all job loss since 2009. Meanwhile, the housing market and mortgage industry – usually drivers of economic growth and employment – may actually exacerbate the problems facing small businesses. Upcoming mortgage regulations, such as the CFPB's RESPA/TILA disclosure rule with compliance costs estimated in excess...
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