WealthWithMortgage.com

Main Focus Will be on Jobs This Week

May 2, 2011

Rates May be at their Lowest Point for the Year This week, mortgage rates will take their cues from the Greece story as it continues to develop, and from Friday’s Non-Farm Payrolls report. The jobs report is always a potential market-mover. Economists expect to see 196,000 jobs added in the economy for April. If the […]

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World Events Helped Lower U.S. Mortgage Rates Again Last Week

May 2, 2011

Last week marked the 3rd consecutive week through which conforming mortgage rates dropped, the longest such streak since February. This week, the jobs report is due.

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Momentum Likely to Reverse This Week and Rates Will be Volatile

April 25, 2011

Housing and Economic Data Releases Galore This Week In addition to a slew of housing and economic data including New Home Sales, Pending Home Sales, and Consumer Confidence data, the Federal Open Market Committee is meeting for the third time this year. And this month, the FOMC is meeting a little differently. Get scared. I […]

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Markets Improved Last Week But Rates Finished Unchanged Overall

April 25, 2011

Conforming mortgage rates ended last week unchanged overall. It’s a strange outcome considering that Standard & Poor’s issued a downgrade on U.S. debt Monday.

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Supply vs. Demand : Are Home Prices Set To Rise?

April 21, 2011

Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis.

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Housing Market Shows Improvement as Number of Housing Starts Go Up

April 20, 2011

According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February’s 2-year low.

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New Home Builders Feel Pressure as Rates Continue to Rise

April 19, 2011

According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in line with the 1-year average, but still considered “poor”.

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Volatile Rates Ahead Due in Part to a Holiday Shortened Week

April 18, 2011

A Lot of Housing Data to Release This Week: Monday : Homebuilder Confidence Index Tuesday : Housing Starts and Building Permits Wednesday : Existing Home Sales Thursday : Housing Market Index There’s no data due Friday with markets closed for Good Friday. This is a holiday-shortened week so expect low trading volume to render rates […]

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