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Current Average Mortgage Rates

		Current National Rates Rates By MortgageLoan.com
		North Carolina Rates Rates By MortgageLoan.com

*The above mortgage rates are an average of rates for national, regional and state. Mortgage rates change daily and these rates are for informational purposes only to give you a base to compare to. Your actual rate will vary due to many factors such as credit ratings, amount of loan, lender programs, debt to income ratios, etc. Please contact a mortgage professional for more information.

	Mortgage And Real Estate News
	The Day Ahead: U.S. PPI, Retail Sales, U of M Consumer Sentiment The week ends with the release of U.S. PPI, advance retail sales and the preliminary print of the University of Michigan/Reuters consumer confidence index.

	Fed Funds Futures Pricing 31.1% Chance of Rate Cut for Fed's Year End Meeting Fed funds futures are now pricing a 31.1% chance that the Federal Reserve will cut rates by 25 bps for the year end meeting scheduled for Dec. 16.

	Fed's Kohn Says "Jury Still Out" on Whether Housing Bottom Near Federal Reserve Vice-Chairman Donald Kohn (voter) said it's not yet clear if house prices in the U.S. are close to finding a bottom.

	Economist Says U.S. recovery Unlikely Before 2009 The economy may show flashes of strength before the end of the year, says one of Canada's best known economists, but a real recovery "is a 2009 story."

	RBC CASH Index Says U.S. Consumers Feeling Better on All Fronts With oil prices falling and a presidential election in less than two months, U.S. consumer confidence may be heating up, says a monthly survey from RBC on Thursday.

	Quarterly Revenue Survey Shows Broad Advances in Q2 A quarterly look at the services sector in the U.S. revealed gains in each of the areas surveyed.

	Economists Say Initial Claims Suggest Jobs Market to Stay Weak for Months Economists say the jobless claims survey for the week ending Sept. 6 suggests that labor market conditions will remain weak for several months.

	U.S. Trade Deficit Surges to $62.2 Billion in July The U.S. monthly trade deficit widened more than expected in July to $62.2 billion, marking the deepest monthly deficit since March 2007.

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Scott Myers, Broker, CRB, CRS, GRI

Ed Price & Associates
1220 North Main Street
High Point, NC 27262

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