Inflation and Mortgage Rates Don’t Get Along

February 21, 2012

What do Gas Prices Have to do with Rates? Beyond Greece and the U.S. economy, inflation is another reason mortgage rates are up. Inflation is the enemy of mortgage rates and, an on annual basis, the core Consumer Price Index registered 2.3% — it’s highest reading since 2008. The Fed expects inflation to ease later […]

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Mortgage Rates Ticked Up for the First Time in a Month Last Week

February 21, 2012

Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.

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Cost of Home Ownership May Never be as Low as it is Today

February 17, 2012

The 2012 housing market started like 2011 ended — strong.

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Home Builders are Predicting Strong Home Sales in 2012

February 16, 2012

For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.

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As Consumer Confidence Rises, Home Prices are Expected to Follow

February 15, 2012

If you have plans to buy a home in 2012, the best time to buy may be now. Today’s mortgage rates are low and so are the home prices — a combination that’s unlikely to last.

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Home Prices are Based on Supply and Demand

February 14, 2012

Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they’re right, the housing market is ripe for a boost.

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Health of U.S. Economy will Determine Rate Movement This Week

February 13, 2012

Good News for Economy is Bad News for Mortgage Rates There are two inflation reports due — the Consumer Price Index and the Producer Price Index. The former is a “cost of living” indicator for U.S. households; the latter measures the same for business. Inflation is bad for mortgage rates so if either report comes […]

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Mortgage Rates Remained at All-Time Lows Last Week

February 13, 2012

Mortgage markets were mostly unchanged last week as Greece — once again — was front-of-mind for Wall Street investors.

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Revamped HARP Program Set to Release in 6 Weeks

February 10, 2012

The government’s new, revamped HARP program is 6 weeks from release. Homeowners are gearing up to refinance.

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Have you ever wondered, “How’s my credit score work?”?

February 9, 2012

Lenders are reserving lowest rates for the customers with high FICOs. Here’s a few ways to improve your credit score quickly.

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