Monthly Archives: April 2011

Pending Home Sales Point To Seller’s Market This Summer

The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month. Continue reading

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A Simple Explanation Of The Federal Reserve Statement (April 27, 2011 Edition)

The Federal Open Market Committee voted the Fed Funds Rate unchanged today at 0.000-0.250 percent. The vote was 10-0 — the third straight unanimous vote. Continue reading

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New Home Supply Falls To 16-Year Low

Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It’s an 11 percent improvement from February. Continue reading

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Mortgage Rates — And Home Affordability — At The Whim Of The Federal Reserve

If you’re shopping for a mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar. Continue reading

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What’s Ahead For Mortgage Rates This Week : April 25, 2011

Conforming mortgage rates ended last week unchanged overall. It’s a strange outcome considering that Standard & Poor’s issued a downgrade on U.S. debt Monday. Continue reading

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Demand Is Rising, Supplies Are Falling : Home Prices Set To Rise?

Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis. Continue reading

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Building Permits Rise In All 4 Regions

According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February’s 2-year low. Continue reading

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As Buyer Traffic Grows, Homebuilder Confidence Slips

According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in line with the 1-year average, but still considered “poor”. Continue reading

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What's Ahead For Mortgage Rates This Week : April 18, 2011

Mortgage markets improved last week, buoyed by two days of out-sized gains. Mortgage rates bounced off their 8-week highs. Continue reading

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Foreclosures Drop 35 Percent Year-Over-Year

According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011. Continue reading

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