FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

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LendingTree will also bring mortgages to Google
Lending / The Ticker

Jobless claims maintain downward trend

Falls by 2,000 filings

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Jobless claims continue to maintain a steady, downward trend, with unemployment filings for the week ended June 21 falling by 2,000 to 312,000, the U.S. Department of Labor said.  

This follows last week’s drop of 6,000 filings.

Also recording positive news, the 4-week average came in at 314,255, a 2,000 increase from the previous week’s revised average.

“The 4-week average, at 314,250, has been very steady the past month, holding in a tight range roughly between 310,000 and 315,000,” analysts with Econoday said. “This is the 18th straight decline for the 4-week average.”

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