Mortgage Rates Drop After U.S. Credit Downgrade

August 9, 2011

Mortgage rates continue drifting downward, despite — or because of — a ratings downgrade on long-term U.S. government debt.

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What’s Ahead For Mortgage Rates This Week : August 8, 2011

August 8, 2011

Mortgage markets were especially volatile last week, falling to new 2011 lows before sharply rising higher.

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Mortgage Rates Make New 2011 Lows

August 5, 2011

According to Freddie Mac’s weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage fell to 4.39% this week — the lowest 30-year fixed reading since November 18, 2010.

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Closing At The Start Of September? Watch Out For Labor Day.

August 4, 2011

Like for the rest of the U.S. workforce, Labor Day is a popular vacation time in the real estate, title and mortgage industries. Closings can be slower to come together when the parties involved are on holiday.

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A Mortgage Rate Strategy For July’s Jobs Report

August 3, 2011

At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you’ve been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day.

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What Will The Debt Ceiling Agreement Do To Mortgage Rates?

August 2, 2011

Today’s debt ceiling agreement will be a major force in mortgage markets and home affordability. Are you prepared for it?

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What’s Ahead For Mortgage Rates This Week : August 1, 2011

August 1, 2011

Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning.

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Pending Home Sales Rise For 3rd Straight Month

July 29, 2011

Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.

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16 of 20 Case-Shiller Cities Show Improvement In May

July 28, 2011

May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat.

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New Home Supplies Keep Shrinking; Prices Pressured Higher

July 27, 2011

According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month.

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