New Home Sales Slip In October
After posting a strong September, the number of newly-built homes sold nationwide slipped in October.
What’s Ahead For Mortgage Rates This Week : November 29, 2010
In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week.
Fed Minutes Help Push Mortgage Rates To 4-Month High
Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.
October Existing Home Sales : Buyers And Sellers In Balance
It’s encouraging that first-time and investment property buyers were both outnumbered by “move-up” buyers in October; buyers that have sold their respective homes in favor of larger ones.
Applying For A Mortgage Soon? Don’t Open New Credit Cards On Black Friday.
Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.
What’s Ahead For Mortgage Rates This Week : November 22, 2010
The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago.
Mortgage Rates Still Rising. Is This The End Of The Refi Boom?
With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending.
Housing Starts Data Much Better Than The Headlines Would Have You Believe
Newspaper stories can be misleading sometimes — especially with respect to real estate. We saw a terrific example of this Wednesday.
Homebuilders Expect A Surge In New Home Sales
According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism.
Mortgage Rates Spike On Strong Retail Sales Data. Could 4 Percent Rates Be Done?
Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.