Unemployment rate at a 2 year low (AP)

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by Associated Press via the KING5.com website Posted on April 1, 2011 at 6:50 AM WASHINGTON, D.C. – The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began. The Labor Department reported Friday that the economy added 216,000… Read More

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Mortgage applications rose last week (AP)

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The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Associated Press NEW YORK — The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Mortgage Bankers Association said Wednesday its overall mortgage application index… Read More

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Job growth in Washington improving (AP)

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Wash. state 2010 job growth shows big improvement by Associated Press KING5.com Posted on January 19, 2011 at 3:32 PM OLYMPIA, Wash. – Washington state added about 8,000 jobs in 2010, a vast improvement from the major job losses seen in recent years, state officials reported Wednesday. Though modest compared with a labor force of… Read More

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Fannie Mae and Freddie Mac start buying back bad loans (Seattle Times)

Fannie, Freddie to start buying back bad loans By The Associated Press WASHINGTON Government-controlled mortgage-finance companies Fannie Mae and Freddie Mac said Wednesday they will buy back troubled loans contained in securities they already have sold to investors. The two companies are repurchasing mortgage loans for which borrowers have missed at least four months of… Read More

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Foreclosures affect on appraisals (Associated Press)

Foreclosures weigh on home appraisals It appears that in neighborhoods with high foreclosure rates, values for all homes are being pulled lower than in areas where there are few or none. By Alex Veiga The Associated Press LOS ANGELES — It wasn’t the first time that Katherine Scheri ruined a real-estate agent’s day with a… Read More

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