Geopolitics Have Mortgage Rates Poised To Change

May 3, 2011

Among the most challenging aspects of shopping for a mortgage is how rates change constantly. It’s hard to pin them down. Especially when geopolitics are involved.

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What’s Ahead For Mortgage Rates This Week : May 2, 2011

May 2, 2011

Last week marked the 3rd consecutive week through which conforming mortgage rates dropped, the longest such streak since February. This week, the jobs report is due.

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Pending Home Sales Point To Seller’s Market This Summer

April 29, 2011

The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month.

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A Simple Explanation Of The Federal Reserve Statement (April 27, 2011 Edition)

April 27, 2011

The Federal Open Market Committee voted the Fed Funds Rate unchanged today at 0.000-0.250 percent. The vote was 10-0 — the third straight unanimous vote.

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New Home Supply Falls To 16-Year Low

April 27, 2011

Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It’s an 11 percent improvement from February.

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Mortgage Rates — And Home Affordability — At The Whim Of The Federal Reserve

April 26, 2011

If you’re shopping for a mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar.

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

April 25, 2011

Conforming mortgage rates ended last week unchanged overall. It’s a strange outcome considering that Standard & Poor’s issued a downgrade on U.S. debt Monday.

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Demand Is Rising, Supplies Are Falling : Home Prices Set To Rise?

April 21, 2011

Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis.

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As Buyer Traffic Grows, Homebuilder Confidence Slips

April 19, 2011

According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in line with the 1-year average, but still considered “poor”.

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

April 18, 2011

Mortgage markets improved last week, buoyed by two days of out-sized gains. Mortgage rates bounced off their 8-week highs.

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