Monthly Archives: 2010年August

Home Builder Confidence Falls Again; Home Buyers Gain Leverage?

Home builder confidence in the newly-built, single-family housing market is down for the third straight month this month. After reaching a 3-year high just 90 days ago, the National Associatio......

What’s Ahead For Mortgage Rates This Week : August 16, 2010

Mortgage markets worsened last week, putting a pause on the mortgage rate rally that dates to mid-April. Mortgage rates rose across IL last week and home affordability suffered. The Refi Boom ......

Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010

For the second time this year, the FHA is modifying mortgage insurance. Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage ......

How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.

Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. A forecl......

A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)

Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.  The Fed Fund Rate remains at a historical low, within a pres......

The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?

The Federal Open Market Committee holds a one-day meeting today, its fifth scheduled meeting of the year, and sixth overall since January. The FOMC is the government’s monetary policy-se......

What’s Ahead For Mortgage Rates This Week : August 9, 2010

Mortgage markets improved again last week on softer-than-expected economic data, punctuated by Friday morning’s weak jobs report. Conforming mortgage rates in IL dropped on the news, mak......

Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide

According the Federal Home Finance Agency’s Home Price Index, home values are now off just 12.5 percent from their April 2007 peak nationwide.  This, after a half-percent monthly i......

Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report

Mortgage rates have been falling since April but that momentum could reverse tomorrow. The Bureau of Labor Statistics releases the July jobs report at 8:30 A.M. ET Friday. With a stronger-than......

As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs

The Pending Home Sales Index failed to rebound from a cliff-dive in May, falling by another 3 percent more in June.  The index remains at record-low levels. A “pending home saleR......

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