Home Builders Slowed By Economy, But Seeing More Foot Traffic

January 19, 2011

Homebuilder confidence held firm for the second straight month this month, according to the National Association of Home Builders.

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

January 18, 2011

Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of “safe haven” buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing.

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Retail Sales Weak In December; Home Affordability Gets A Boost

January 13, 2011

Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.

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Foreclosure Activity Falls For The Second Straight Month, Drops To 30-Month Low

January 13, 2011

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings nationwide dropped for the second straight month in December. After falling 21 percent in November, filings were down by an additional 2 percent in December.

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Comparing Mortgage Rates For Adjustable- And Fixed-Rate Mortgages

January 12, 2011

Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac’s weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.

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How To Renegotiate Your Credit Card Interest Rates To Something Lower

January 11, 2011

According to the Federal Reserve, a credit card balance of $5,000 at 23.99 percent APR won’t pay off for 16,127 years. That’s one reason why it’s important to manage your credit card rates, and renegotiate them whenever possible. Here’s how to do that.

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What’s Ahead For Mortgage Rates This Week : January 10, 2011

January 10, 2011

Mortgage markets gained last week. Demand for mortgage-backed bonds outweighed supply and conforming and FHA mortgage rates edged lower.

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December’s Job Report : Good For Home Affordability

January 7, 2011

For this month — and for the rest of 2011– employment data will figure big in mortgage markets and for home affordability. Today’s release is the first big splash.

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Loan Costs Increasing April 1, 2011

January 6, 2011

Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.

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The Fed Minutes Keep Mortgage Rates On Hold (For Now)

January 5, 2011

The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn’t much there to disturb mortgage markets, thankfully.

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