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Mortgage Rates Connecticut: Rates from CT Mortgage Lenders

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Mortgage rates fall for the third week in a row, could boost slow home sales

The National Association of Realtors said Thursday that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate of 4.94 million last month, the slowest sales rate since November 2015.

During the past 12 months, sales have plunged 8.5 percent. Would-be homebuyers are increasingly priced out of the market as years of climbing prices and strained inventories have made ownership too costly. Declining mortgage rates could aid buyers.

The Federal Reserve released the minutes from its January meeting this week, which showed central bank officials unsure about the need for interest rate increases in 2019. Although the Fed doesn't set mortgage rates, its decisions influence them.

"Wednesday's release of the minutes from January's (Federal Open Market Committee) meeting paints a picture of a more muted outlook for interest rates over the next year," said Aaron Terrazas, Zillow senior economist. "All eyes are on a string of Fed speakers over the coming week, when we will also see a slew of housing market data, which was a soft spot in the economy at the end of last year. However, the January data are unlikely to provide a definitive judgment on the underlying health of the economy. The market signal in January home sales and permits is likely blurred by the partial federal government shutdown and the polar vortex that hit much of the country mid-month.

Lamont: DECD nominee unfairly tainted by '08 collapse

Off air, Lamont said he and Senate President Pro Tem Martin M. Looney, D-New Haven, who pointedly refused last week to commit to voting for Lehman’s confirmation when it comes before the full Senate, have since talked about Lehman’s nomination. Looney said he has advised the governor to call other senators and make the case for Lehman.

“We haven’t caucused it yet. We want to allow members of the caucus to express their opinions. That’s why I suggested to the governor that he reach out,” Looney said.

Looney, who said he has directed his legal staff to examine the public record concerning Lehman’s tenure at Goldman Sachs and his testimony before the U.S. Senate, acknowledged that governors generally are presumed to be entitled to their own nominees.

The burden would be on the Senate to find cause for rejecting Lehman, he said.

“If the status quo prevails and nothing new is revealed, I think the presumption in favor of the governor’s nominee would carry,” Looney said.

What's the best way for me to become a Mortgage Broker in CT?

I have been a Loan Originator for a year now, but I'd like to become a mortgage broker. This way, I can shop around to different lenders to help close more loans.


You can try Countrywide, but honestly...your current position is the safer bet of the two. Mortgage Brokers and getting the short end of the stick lately and banks (like Wichovia) are no longer even dealing with them.

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