Monthly Archives: 2010年September

Home Defaults Dropped For The 7th Month In A Row In August

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings climbed 4 percent in August from the month prior. A foreclosure filing is defined as default notice, sched......

Home Affordability Gets A Boost From Weak Back-to-School Retail Receipts

The recent rise in mortgage rates was slowed this week after the government released its Retail Sales report for August. Prior to Tuesday, mortgage rates had been spiking across IL on the resu......

The Math Of Choosing A Great Closing Date

Want a lower mortgage rate on your upcoming Chicago home buy? Think about moving up the closing date. The reason is rooted in “rate locks”, a bank’s guarantee to honor a spec......

What’s Ahead For Mortgage Rates This Week : September 13, 2010

A shift in Wall Street sentiment caused mortgage markets to worsen last week. There wasn’t much in the way of new data, but the numbers that did hit the street helped quell fears of a do......

Your ARM Is Adjusting Lower. Is There A Downside To Letting It?

When adjustable-rate mortgages are on the verge of adjusting, a common concern among homeowners is that their mortgage rates will adjust higher. Well, this year, because of the math of how AR......

Which Model Is More Accurate : The Case-Shiller Index Or The Home Price Index?

The private-sector Case-Shiller Index reported home values up 5 percent nationwide in June. The government’s own Home Price Index, however, reached a different conclusion. According to ......

Home Sales Are Back On The Rise After A 2-Month Pullback

Just one week after reports of Existing Home Sales and New Home Sales plunging, the housing market is signaling that auturm may fare better than did summer. The number of homes under contract ......

What’s Ahead For Mortgage Rates This Week : September 7, 2010

Last week was a roller-coaster ride in the conforming mortgage market.  After opening the week by making new, all-time lows, markets reversed sharply on better-than-expected data in manuf......

August 2010 Jobs Report Pushes Mortgage Rates Higher

On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior.  The data is more commonly called “the jobs report” and ......

August’s Fed Minutes Lead Mortgage Rates Higher

Home affordability took a slight hit this week after the Federal Reserve’s release of its August 10 meeting minutes. The “Fed Minutes” is a lengthy, detailed recap of a Feder......

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