Another Volatile Week for Mortgage Rates in the Books

August 29, 2011

This week, mortgage rates will be jumpy. As well as a full slate of economic data, because of Labor Day, bond markets will be light on volume. When volume is light, pricing gets volatile.

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New Home Builders are Building to Meet Demand but Not Much More

August 24, 2011

Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.

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Great Opportunities Out There for Home Buyers in Iowa

August 23, 2011

Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It’s the fourth straight month below the 5 million mark, and the report’s lowest reading since November 2010.

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Rates Fell to New All Time Lows Last Week

August 22, 2011

Mortgage markets improved again last week, pushing mortgage rates to an all-time low; lower than the lows set last November, even.

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What Can Your Favorite Credit Card Do For You?

August 18, 2011

Credit cards of all types do what they can to improve consumer loyalty. Offering free perks is just one way in which they try.

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Mortgage Rates Should be Volatile This Week

August 17, 2011

Bunches of Economic Data Set to Release In addition to new bailout talks within the Eurozone, there is a bevy of economic data due for release in the U.S., as well as a full Fed speaker docket: Monday : Homebuilder Confidence Survey; Fed President Lockhart speaks Tuesday : Housing Starts; Building Permits Wednesday : Producer […]

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Home Affordability is at an All Time High

August 16, 2011

Two months after posting their worst confidence reading of 2011, home builders say they foresee no improvement in the immediate- or medium-term market for new homes nationwide.

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Mortgage Markets Improved Again Last Week

August 15, 2011

Mortgage markets improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows.

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Foreclosures Fall To a 4-Year Low

August 12, 2011

According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.

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Strong Job Growth Outdone by U.S. Credit Downgrade

August 11, 2011

The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors.

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