The Lede

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Mortgage Apps for New Home Purchases Dropped 6% in August
Mortgage applications for new home purchases decreased by 6% in August from July, according to the Mortgage Bankers Association's Builder Application Survey.
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The U.S. Economy Is Just Starting to Tap Into a Big Source of Dry Powder
There's a big reason to believe that the U.S. economy will be able to withstand the start of the Fed tightening cycle: There's still plenty of pent up activity in the housing sector.
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Mortgage Rates Largely Steady Ahead of Fed Decision
Mortgage rates were little changed ahead of the Federal Reserve's key rate decision next week, mortgage buyer Freddie Mac said Thursday.
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U.S. Import Prices Fall 1.8%, Pointing to Stubbornly Weak Inflation
Prices for imported goods fell in August, posting their largest drop since January, a sign that the strong dollar and ongoing weakness in oil prices are keeping inflation at bay. Import prices fell 1.8% in August, the Labor Department said Thursday.
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U.S. Jobless Claims Drop; Imported Inflation Remains Weak
The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve's decision whether to raise interest rates.
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MBA Launches Know Before You Owe for Homebuyers and Mortgage Lenders
The Mortgage Banjers Association launched a set of guidelines to educate consumers, lenders and their business partners about the new Know Before You Owe or TILE-RESPA Integrated Disclosure regulations that go into effect on October 3.
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