Good News for the Economy is Bad News for Mortgage Rates

March 5, 2012

Mortgage markets worsened last week as the U.S. economy continued to show that it’s in recovery, and as Federal Reserve Chairman Ben Bernanke publicly hinted at the same.

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FHA Mortgage Insurance Premiums are Rising Again

March 2, 2012

Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums.

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Case-Shiller Index was Released This Week

March 1, 2012

Standard & Poors released its December 2011 Case-Shiller Index this week.

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Housing Market is Headed for a Strong Spring Season

February 29, 2012

The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.

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New Homes are Selling Faster than Builders Can Build Them

February 28, 2012

321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.

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FHA Expected to Announce New Mortgage Insurance Premiums This Week

February 27, 2012

Rates Remain at Near All Time Lows for Now Last week’s rate improvements were partly because the Greece bailout has yet to be finalized, and partly because concerns about Iran have sparked a mortgage bond flight-to-safety. International demand for U.S.-auctioned bonds was especially high last week and mortgage bonds benefited. There are just two key […]

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Mortgage Markets Improved and Rates Lowered Last Week

February 27, 2012

Mortgage markets improved in a holiday-shortened week last week, drawing mortgage rates lower nationwide.

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Fed’s Debate Centered Mainly on Inflation

February 24, 2012

The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012.

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January’s Home Resales Moved to a 20 Month High

February 23, 2012

January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway.

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Foreclosure Filings Down 19 Percent from January 2011

February 22, 2012

Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom.

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