Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide

August 6, 2010

According the Federal Home Finance Agency’s Home Price Index, home values are now just 12.5 percent off their April 2007 peak nationwide. This after a half-percent monthly increase in prices in May,on average.

Read the full article →

Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report

August 5, 2010

Analysts expect that a net 65,000 jobs were lost in July. Wall Street — and Main Street — have a big interest in those results.

Friday’s July Jobs Report Could Spur Mortgage Rates Higher

Read the full article →

As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs

August 4, 2010

June’s Pending Home Sales Index is weak by most measures, but if you’re a home buyer, the headlines aren’t so bad. Fewer home sales can push negotiation leverage to the buy-side of a transaction.

Read the full article →

What Does It Mean To Escrow Taxes And Insurance?

August 3, 2010

The fiscal responsibility of a homeowner extends beyond the mortgage’s basic principal and interest repayments. Homeowners are also responsible for the real estate taxes on the home and its insurance premiums, too.

Read the full article →

What’s Ahead For Mortgage Rates This Week : August 2, 2010

August 2, 2010

Non-Farm Payrolls hits the wires Friday at 8:30 AM ET. Markets are expecting a 75,000 net loss of jobs last month. If the actual number is higher, mortgage rates should rise. If the actual number is lower, mortgage rates should fall.

Read the full article →

30-Year Mortgage Rates Make New Lows, But Look Ready To Spike

July 30, 2010

No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. But the low rate environment looks like it’s ending.

Read the full article →

Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.

July 29, 2010

For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.

Read the full article →

Case-Shiller Shows Home Price Improvement In 95% Of Cities

July 28, 2010

Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller’s 20 tracked markets. It’s the second straight month of strong Case-Shiller findings.

Read the full article →

New Homes Sales Gain in June, But Gains Are Relative

July 27, 2010

June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest.

Read the full article →

What’s Ahead For Mortgage Rates This Week : July 26, 2010

July 26, 2010

Mortgage rates rose last week, but only slightly. Rate are still hovering near their lowest levels of all-time.

Read the full article →

← Previous Entries

Next Entries →