Existing Home Sales Slip In July

August 23, 2011

Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It’s the fourth straight month below the 5 million mark, and the report’s lowest reading since November 2010.

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What’s Ahead For Mortgage Rates This Week : August 22, 2011

August 22, 2011

Mortgage markets improved again last week, pushing mortgage rates to an all-time low; lower than the lows set last November, even.

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Mortgage Rates Don’t Move With The Fed Funds Rate

August 19, 2011

Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.

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What Perks Does Your Favorite Credit Card Offer?

August 18, 2011

Credit cards of all types do what they can to improve consumer loyalty. Offering free perks is just one way in which they try.

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Housing Starts Tick Lower; Building Permits Tick Higher

August 17, 2011

Single-Family Housing Starts fell to a seasonally-adjusted, annualized 425,000 units in July, according to the Census Bureau.

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Homebuilders Expect A Soft Winter Housing Market

August 16, 2011

Two months after posting their worst confidence reading of 2011, home builders say they foresee no improvement in the immediate- or medium-term market for new homes nationwide.

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What’s Ahead For Mortgage Rates This Week : August 15, 2011

August 15, 2011

Mortgage markets improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows.

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Foreclosures Sink To 4-Year Low

August 12, 2011

According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.

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Strong Job Growth In July Trumped By Credit Downgrade

August 11, 2011

The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors.

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A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)

August 9, 2011

Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3.

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