Home Builders Remain Confident Despite Drop in New Home Sales

November 30, 2010

After posting a strong September, the number of newly-built homes sold nationwide slipped in October.

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Mortgage Rates May Be On the Rise Again This Week

November 29, 2010

Good News for Economy is Bad News for Rates First off (in case you missed it), Ireland’s bailout package was signed Sunday morning and that relieves some pressure on the European Union.  Second, this week’s economic releases should show that the U.S. economy is still expanding, and that U.S. consumers are still spending — both […]

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It Only Took One Day to Reverse Positive Gains Last Week

November 29, 2010

In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week.

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Resist the Urge to Open New Credit Cards this Holiday Season

November 23, 2010

Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.

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Holiday Shortened Week Should Lead Rates Down a Volatile Path

November 22, 2010

Get Locked In Sooner Than Later This week is holiday-shortened, and rates should remain volatile. There’s a lot of news, including the Existing and New Home Sales reports, consumer confidence data, and the FOMC Minutes from the November 3 meeting. Let’s face it, even though it’s a holiday week, the news will continue to be […]

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Could the Mortgage Rate Rally Be Nearing the End?

November 22, 2010

The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago.

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Housing is Key to Economic Recovery

October 25, 2010

Once Rates Go Back Up, They’re Unlikely to Fall This week, there’s a return to data and mortgage markets should respond to it — especially because the week is housing-data heavy. In case you haven’t heard it 1,000 times yet, the housing is believed to be a key part of the country’s ongoing economic recovery. […]

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Rates Ended Out the Week Mostly Unchanged Last Week

October 25, 2010

The dollar was strong in the first part of last week, then weakened through Friday’s close with the G-20 meeting looming. Mortgage rates trended along similar lines.

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Could an Announcement from the Fed Really Push Rates Lower??

October 18, 2010

Federal Reserve Will Take Center Stage This Week This week, monthly payments may fall some more.  Just like any week, it all depends on data. Early in the week, housing data takes center stage. The National Association of Home Builders releases its Housing Market Index this morning, and, Tuesday, the government prints September’s Housing Starts […]

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The Refi Boom Continued Last Week Despite Slightly Higher Rates

October 18, 2010

The United States is experiencing a Refi Boom. As compared to 6 months ago, a new, $200,000 home loan costs $124 less per month in principal + interest.

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