Despite Low Rates, Home Sales are Slowing Down

September 30, 2011

Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes.

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Home Prices Improved in 85% of Tracked Cities In July

September 29, 2011

The most recent Case-Shiller Index shows a 0.9% rise in home values from June to July 2011. Home values were higher in 17 of the 20 tracked cities.

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Competition Heats Up Between New Homes & Foreclosures

September 28, 2011

According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.

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Rates will Remain Volatile as a New Plan to Save Greece is in the Works

September 27, 2011

Rates Have More Room to Rise Than Fall This week, mortgage rates should be similarly volatile. There is a lot of economic news set for release, and the Eurozone is rumored to have a plan to save Greece from debt default.  Depending on the strength of said data, and the passage of a Greek default […]

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Existing Home Sales are on Their Way Up While Home Supplies Continue to Fall

September 27, 2011

According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.

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Last Week Proved How Quickly Rates Can Change

September 26, 2011

Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues.

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The Federal Reserve Statement: Simply Stated

September 21, 2011

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

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What Will the Fed’s Meeting Mean For Mortgage Rates

September 21, 2011

The Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year, and the seventh Fed meeting overall. Mortgage rates will be volatile.

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Homebuilder Confidence Stays Flat

September 20, 2011

Homebuilders are feeling worse about the market for new homes nationwide.

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The Federal Reserve Meets Again This Week, Expect Volatile Mortgage Rates

September 19, 2011

Fed’s 2 Day Meeting Ends Wednesday Markets open this week with an eye toward the world’s central banks. In the Eurozone, central bankers (continue to) discuss the debt burdens of Greece and whether a coordinated intervention is necessary. Without it, some economists believe that the nation-state will default on its sovereign debt, which would then […]

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