Make A Mortgage Rate Plan BEFORE Friday’s Jobs Report

March 3, 2011

Mortgage rates could move higher beginning tomorrow morning. The Bureau of Labor Statistics releases its February jobs report at 8:30 AM ET.

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Ignore The Case-Shiller Index; Focus On The Future Instead

March 2, 2011

December’s Case-Shiller Index showed major devaluations nationwide. As compared to December 2009, on a year-over-year basis, home values fell in 18 of the Case Shiller Index’s 20 tracked markets, and the U.S. National Index dropped 4 percent overall. The retreat puts December’s home values at similar levels as compared to early-2003.

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Pending Home Sales Drop For Second Straight Month

March 1, 2011

After a strong run to close out 2010, the market for home resales softened a bit in January.

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What’s Ahead For Mortgage Rates This Week : February 28, 2011

February 28, 2011

Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.

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New Home Sales Crater In January, Opening The Door For Deals With Builders

February 25, 2011

In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It’s the biggest one-month drop in New Home Sales since May 2010.

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Existing Home Supply Down 40% In Last 6 Months

February 24, 2011

Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.

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Cost of Living Reaches An All-Time High, Pressures Mortgage Rates Higher

February 23, 2011

Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.

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What’s Ahead For Mortgage Rates This Week : February 22, 2011

February 22, 2011

For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis.

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Fed Minutes Show Lower Unemployment And Higher Growth For 2011 and 2012

February 18, 2011

The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.

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Single-Family Housing Starts Fell In January, Despite What The Headlines May Have Told You

February 17, 2011

Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it’s lowest reading almost 2 years. The headlines would have you believe otherwise.

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