OSCG NEWS & EVENTS

Did You Know?

- 01/11/19

Mortgage rates have fallen to around their lowest levels in 8 months. The average rate for a 30-year fixed mortgage fell to 4.51%, matching the lowest level since last spring, according to Freddie Mac. That rate is still higher than its level of 3.95% from a year ago but has fallen from a more-than-7-year high of nearly 5% in October.

$ 1 trillion...

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Did You Know?

- 12/29/18

The Federal Reserve reports that at the last count, everyone across the financial system, from grandmothers to hedge funds, was holding a total of $2.9 trillion in overnight money market funds, $4.4 trillion in checking accounts and currency, and another $12.1 trillion in savings account and Certificates of Deposit. That comes to $19.4 trillion in gross "cash" and...

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Did You Know?

- 11/30/18

• U.S. consumer spending increased by the most in 7 months in October. (Reuters)

• Millennial spending habits are a lot like the generations that came before them, they just have less money at this point in their lives. The group born between 1981 and 1997 has fallen behind because many of them came of age during the financial crisis....

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OSCG – NEWS 11/9/18

- 11/9/18

The 30-year fixed-rate mortgage averaged 4.94% in the Nov.8 week, a gain of 11 basis points, mortgage finance provider Freddie Mac said Thursday. That was the highest for the popular loan product since February 2011. The 15-year fixed-rate mortgage averaged 4.33%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.14%, both up 10 basis points during...

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