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Leagan Realty, Scottsdale Arizona

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Archives for July 13, 2020

What’s Ahead For Mortgage Rates This Week – July 13, 2020

July 13, 2020 by Lisa Eagan

Last week's scheduled economic news included readings on consumer credit, job openings, jobless claims, and mortgage rates.

Consumer Borrowing Declined at Slower Pace in May

According to Federal Reserve data, consumer borrowing fell at a slower annual pace of -5.30 percent in May as compared to April's reading of -20 percent. Non-revolving consumer credit, which includes vehicle and student loans, increased by 2.30 percent in May. The Federal Reserve does not report on real estate loans.

Filed Under: Financial Reports Tagged With: Economic News, Financial Report, Jobless Claims

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Leagan Realty

12862 East Summit Drive
Scottsdale, Arizona 85259
Phone: 480.766.2115
Fax: 888.422.9951

Email: lisaeagan@leaganrealty.com

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