What’s Ahead For Mortgage Rates This Week : June 27, 2011

June 27, 2011

Mortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt.

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New Home Supplies Drop, And So Does Homebuilder Confidence

June 24, 2011

Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average.

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A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)

June 22, 2011

Wednesday, 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 10-0 — the fourth straight unanimous vote for the nation’s Central Bank.

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Existing Homes Sales Slip In May

June 22, 2011

Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.

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Homebuilder Confidence Slips To 9-Month Low

June 21, 2011

If you’re a home buyer and have considered “buying new”, the time may be right for making an offer. Financing is cheap, home values are low, and builders are pessimistic — a terrific combination for today’s home buyer.

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What’s Ahead For Mortgage Rates : Week of June 20, 2011

June 20, 2011

Mortgage markets improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation — an event that tends to lead rates higher — but weak domestic jobs data and a soft manufacturing report suppressed the damage.

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How To Clean Outdoor Furniture : Resin, Wood And Metal

June 20, 2011

This week marks the official start of Summer. If your home’s outdoor area has furniture on it, you’ll want to make sure that furniture is clean.

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Housing Starts Climb Unexpectedly In May

June 17, 2011

The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.

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Monthly Foreclosure Count Drops For 16th Straight Month

June 16, 2011

According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. Foreclosure counts have now dropped over 16 consecutive months, dating back to January 2010.

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Mortgage Rates Surge On May Retail Sales Figures

June 15, 2011

Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.

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