Black Friday Sales Top Estimates, Rates Could be on the Rise This Week

November 28, 2011

Good News for Economy is Bad News for Rates First, markets are speculating that the IMF will lend Italy 600 billion euro to help avert financial crisis. This move would reverse the safe haven buying that’s characterized the last few weeks of trading, thereby leading mortgage rates higher. A second reason is that they are early […]

Read the full article →

Rates Ended Up Slightly Higher by the End of the Holiday Shortened Week

November 28, 2011

Expect mortgage rates to be volatile this week. Your quoted mortgage rates could vary by as much as a quarter-percent from day-to-day.

Read the full article →

As Home Inventory is Sold Off, Expect Prices to Rise

November 23, 2011

The housing market continues to signal that a broad rebound is underway. In October, despite sparse home inventory, the number of properties sold increased 1.4% nationwide.

Read the full article →

Super Committee’s Budget Cutting Deadline is Wednesday

November 22, 2011

Will Rates Rise or Fall? In this holiday-shortened trading week, mortgage volatility should be up, and rates may finally break from the 4.000 benchmark we’ve hovered since November 1. For 8 months, we’ve talked of how events in Greece have influenced the U.S. mortgage market and, how each time Greece moved to the precipice of […]

Read the full article →

FHA Loan Limits are now Higher Than Conventional Loans for 1st Time Ever

November 22, 2011

As signed into law last Friday, maximum FHA loan limits are — once again — as high as $729,750.

Read the full article →

Home Prices are Likely to Increase Heading Into 2012

November 17, 2011

Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21

Read the full article →

Foreclosure Filings Continue to Rise Across U.S.

November 15, 2011

According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. Activity concentrated in just 4 states nationwide — California, Florida, Michigan and Illinois.

Read the full article →

Expect Italy to Influence U.S. Mortgage Rates This Week

November 14, 2011

Lots of U.S. Economic Data Set to Release This week, U.S. economic data returns, but markets will still be watching the Eurozone. Sunday, Italy changed leadership, in part, to restore market confidence in its ability to get its debt load under control. Expect developments in Italy to sway U.S. mortgage rates this week. In addition, […]

Read the full article →

Rates Worsened Slightly During the Holiday Shortened Week Last Week

November 14, 2011

Expect developments in Italy to sway U.S. mortgage rates this week. In addition, rates will respond to a rash of economic data and Fed speakers.

Read the full article →

How Can “Saving 15 Percent” Hurt You?

November 9, 2011

With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong.

Read the full article →

← Previous Entries

Next Entries →