Housing & Inflation Data Are In Focus This Week

May 24, 2010

Here’s This Week’s Lineup: Monday : Existing Home Sales data Tuesday : Case-Shiller Index; Home Price Index Wednesday : New Home Sales data Thursday : GDP Friday : Personal Consumption Expenditures Each of these reports have the power to move mortgage rates — especially because trading volume is expected to thin as the 3-day weekend […]

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Mortgage Rates Continue to Shock & Awe the Experts

May 24, 2010

Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.

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As Home Supply Increases, Prices Should Stay Low

May 19, 2010

Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute.

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An Overload of Data Set to Release This Week

May 18, 2010

The News Will Be Working Overtime After a week-and-a-half without much data impacting mortgage rates, this week figures to be a lot different. The first release to watch is Monday’s National Association of Home Builder’s Housing Market Index.  It’s not a mainstream release, but the index gives some insight into how home builders are feeling […]

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Follow These Simple Rules for Accepting Cash Gifts for Downpayment

May 18, 2010

As lenders tighten mortgage guidelines, minimum downpayment requirements are increasing. It’s leading to an increase in the number of buyers accepting cash gifts from family. There’s a right and wrong way to accept a gift.

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Mortgage Markets Barely Improve Over Last Week

May 17, 2010

Mortgage markets improved last week — but barely — as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds.

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What Are The Top 100 Places To Live in the US?

May 12, 2010

Relocate America recently released its 2010 list of Top 100 Places To Live In America. The rankings are topped by some cities you may expect, and some you may not.

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Mortgage Rates Are Random

May 11, 2010

Shopping for mortgage rates takes more than good research skills. It takes a little bit of luck, too.

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Rates Could Skyrocket if Greece Gets Their Pending Bail Out

May 9, 2010

If They Don’t Get It, Rates Could Drop Even MORE but Lock In Sooner Than Later This week, without much new data due on the economy, mortgage markets should continue to take directions from Greece, the IMF and the Eurozone.  If a bailout agreement can be reached that investors feel is effective, the safe haven […]

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Greece’s Debt Continues to Benefit Rate Shoppers

May 7, 2010

Lock in Before Attention Turns Back to Job Growth Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying.  Greece’s debt problems continue to help mortgage rate shoppers in Urbandale and around the country. Conventional mortgage rates dropped last week, ARMs falling […]

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