Mortgage Guidelines Start To Loosen At The Country’s Biggest Banks

June 1, 2011

The Federal Reserve’s quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for prime borrowers.

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What’s Ahead For Mortgage Rates This Week : May 31, 2011

May 31, 2011

Mortgage markets improved last week ahead of Memorial Day and a 3-day weekend. Bond pricing ending the week higher, pushing conforming mortgage rates down for the 5th week out of six.

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Home Affordability Still Soaring; New Records Reached

May 27, 2011

The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter.

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Home Price Index Shows Values Down 19 Percent From Peak

May 26, 2011

Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency’s Home Price Index. The Home Price Index is a government-sponsored home value tracker.

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New Home Sales Increase For The Second Straight Month

May 25, 2011

Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month.

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Memorial Day Messes With Mortgage Rates

May 24, 2011

Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult.

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What’s Ahead For Mortgage Rates This Week : May 23, 2011

May 23, 2011

Mortgage markets were unchanged last week, despite improving on four of five days. Economic data was worse-than-expected almost across the board, but neither FHA nor conforming mortgage rates budged.

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Distressed Homes Now Selling At A 20 Percent Discount

May 20, 2011

The housing market recovery stalled last month. At least temporarily.

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Fed Minutes Put The Heat On Mortgage Rates To Rise

May 19, 2011

The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened.

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Building Permits Fade Faster Than Expected

May 18, 2011

Single-family housing starts fell 5 percent as compared to March 2011, and 30 percent as compared to April one year ago.

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