Home Builders Report Higher Sales Levels In January

February 16, 2011

Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.

Read the full article →

Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen

February 15, 2011

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.

Read the full article →

What’s Ahead For Mortgage Rates This Week : February 14, 2011

February 14, 2011

According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.

Read the full article →

Mortgage Rates Return To April 2010 Levels

February 11, 2011

As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.

Read the full article →

Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States

February 10, 2011

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.

Read the full article →

Mortgage Rates Rise For The 7th Straight Day

February 9, 2011

Mortgage rates are rising. Homeowners have lost 10% of their purchasing power since November.

Read the full article →

Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now

February 8, 2011

If your ARM is due to adjust this spring, your best move may be to let it. Don’t rush to refinance — your rate may be adjusting lower.

Read the full article →

What’s Ahead For Mortgage Rates This Week : February 7, 2011

February 7, 2011

Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.

Read the full article →

Unemployment Rate Drops To Lowest In 2 Years

February 4, 2011

This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. Mortgage rates are rising in response.

Read the full article →

Mortgage Guidelines Starting To Loosen?

February 3, 2011

Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.

Read the full article →

← Previous Entries

Next Entries →