Rates Likely to Increase if a New Stimulus Plan is Approved Later This Month

January 10, 2012

Good News for Retail Sales is Bad News for Mortgage Rates With lit­tle eco­nomic news set for release, mort­gage rates are expected to take their cue from the 8 Fed­eral Reserve mem­bers sched­uled to speak in pub­lic, and from what­ever news may bub­ble up from the Eurozone. The Fed­eral Reserve said it will com­mu­ni­cate its […]

Read the full article →

Heads Up: New Loan Fees Are on the Way

January 10, 2012

Starting soon, nearly all home buyers and refinancing households nationwide will pay higher mortgage loan fees. Congress has made it law.

Read the full article →

The Refi Boom Continued as Rates Reached New Lows Last Week

January 9, 2012

Mortgage markets improved last week, pushing mortgage rates lower for the second straight week.

Read the full article →

Nationwide Average Home Values Slipped in October

December 29, 2011

The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.

Read the full article →

New Home Supplies Falling Fast, Sales Up for 4th Straight Month

December 28, 2011

According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.

Read the full article →

Mortgage Rates are Expected to be More Volatile Than Usual This Week

December 27, 2011

Good News for Economy Means Bad News for Mortgage Rates This week, there isn’t much economic data on which to trade, and it’s a holiday-shortened week (again). Look for geopolitics and momentum to nudge markets forward, therefore — a potentially bad combination for today’s rate shoppers. There is very little room for mortgage rates to […]

Read the full article →

Mortgage Rates Rose after Reaching New All-Time Lows Last Week

December 27, 2011

Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing.

Read the full article →

House Payments Rise and Fall with Mortgage Rates

December 16, 2011

As mortgage rates drop, so do housing payments. It’s a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history.

Read the full article →

Foreclosure Filings Have Dropped 14% Over the Past Year

December 15, 2011

According to foreclosure-tracker RealtyTrac, November’s foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010.

Read the full article →

The Federal Reserve Statement Explained

December 13, 2011

Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

Read the full article →

← Previous Entries

Next Entries →