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We offer industry low California Home Loan Interest Rates everyday. Refinance or Purchase, we have the loan programs you need to secure a better future. The lenders we work with offer some of the lowest rates in the industry. We strive to ensure that we not only provide industry low interest rates, but also excellent customer service. Contact us today.
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Are you in need of a California refinance home loan? Taking out a new first mortgage is an important financial decision. It is essential you find the best terms possible. The first step is to determine your short and long-term goals so that you can establish a plan of what you want to accomplish. Contact us today for a free no obligation quote.
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There are several important reports scheduled for release this week that are likely to affect mortgage pricing. The first piece of news comes late Tuesday morning when the Conference Board posts their Consumer Confidence Index (CCI) for July. This index measures consumer sentiment, giving us an idea of consumer willingness to spend. This is important because consumer spending makes up two-thirds of the U.S. economy. If the CCI reading is weaker than expected, we may see bond prices rise and mortgage rates drop Tuesday. Current forecasts are calling for a reading of 50.0, which would be a lightly lower reading than June's reading. (California Interest Rates)
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The U.S. economy and financial system have confronted some significant challenges thus far in 2008. The contraction in housing activity that began in 2006 and the associated deterioration in mortgage markets that became evident last year have led to sizable losses at financial institutions and a sharp tightening in overall credit conditions. The effects of the housing contraction and of the financial headwinds on spending and economic activity have been compounded by rapid increases in the prices of energy and other commodities, which have sapped household purchasing power even as they have boosted inflation. Against this backdrop, economic activity has advanced at a sluggish pace during the first half of this year, while inflation has remained elevated. (Bernanke)
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