Is An FHA Mortgage Better Than A Conforming One?

July 26, 2011

The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. “Going FHA” is more common than ever before — but is it better?

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What’s Ahead For Mortgage Rates This Week : July 25, 2011

July 25, 2011

Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life.

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Home Prices Rise For The 2nd Straight Month

July 22, 2011

A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May.

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Existing Home Sales Fall To 8-Month Low

July 21, 2011

Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. Sales volume is at an eight-month low.

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Housing Starts Surge 9 Percent; Signal A Strong Fall Season

July 20, 2011

Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June — a 9 percent spike from the month prior and the highest reading in 3 seasons.

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Led By Expectations Of A Strong Fall Season, Homebuilder Confidence Bounces Back

July 19, 2011

Homebuilder confidence is bouncing back. One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder’s Housing Market Index rebounded two points to 15 in July.

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What’s Ahead For Mortgage Rates This Week : July 18, 2011

July 18, 2011

Mortgage markets worsened last week as concerns for the global economy drove new rounds of “safe haven” buying.

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Retail Sales Rise For 12th Straight Month In June

July 15, 2011

The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing.

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For The 9th Straight Month, Foreclosure Filings Fall

July 14, 2011

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June.

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Fed Minutes Hint At New Economic Stimulus

July 13, 2011

The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises.

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