Existing Home Sales Drop In June But Hint At Higher Price Tier Support

July 23, 2010

Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month’s data reveals some interesting trends.

Read the full article →

Yes, You Can Still Get A Mortgage If You’re Pregnant

July 22, 2010

The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled “Need a Mortgage? Don’t Get Pregnant”, the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing.

Read the full article →

Housing Starts Ease 0.7 Percent In June — 7x Better Than The Headline Data

July 21, 2010

Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide.

Read the full article →

Sagging Homebuilder Confidence Opens The Door For Good Deals

July 20, 2010

Remember, it wasn’t too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return — especially as the foreclosure market gets larger.

Read the full article →

What’s Ahead For Mortgage Rates This Week : July 19, 2010

July 19, 2010

Mortgage rates are artificially right now so even the slightest jolt could cause them to spike. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days’ time. Therefore, if you’re shopping for a mortgage and like the rate you’ve been quoted, consider locking in as soon as possible.

Read the full article →

The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

July 16, 2010

At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.

Read the full article →

Foreclosure Activity Slows Again In June 2010

July 15, 2010

June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state. Like everything else in real estate, it seems, foreclosures are a local phenomenon.

Read the full article →

Mandatory Loan Fees Keep Borrowers From Getting Their Absolute Lowest Rate

July 14, 2010

Conforming mortgage rates may be posting all-time lows this week, but that doesn’t mean you’ll be eligible for them. You may have already called your loan officer and found this out the hard way. It’s because of a federally-mandated mortgage-pricing scheme known as “loan-level pricing adjustments”.

Read the full article →

Should You Refinance Your ARM, Or Let It Adjust Lower?

July 13, 2010

If your adjustable rate mortgage is due to adjust this year, don’t go rushing to replace it just yet. Your soon-to-adjust mortgage rate may actually go lower this year.

Read the full article →

What’s Ahead For Mortgage Rates This Week : July 11, 2010

July 12, 2010

Mortgage rates have fallen in 4 consecutive weeks and are on an extended rally that dates back to mid-April. This week, however, data returns and rates could reverse. Especially with inflation numbers are in play.

Read the full article →

← Previous Entries

Next Entries →