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Monthly Archives: May 2011
What’s Ahead For Mortgage Rates This Week : May 31, 2011
Mortgage markets improved last week ahead of Memorial Day and a 3-day weekend. Bond pricing ending the week higher, pushing conforming mortgage rates down for the 5th week out of six. Continue reading
Home Affordability Still Soaring; New Records Reached
The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter. Continue reading
Home Price Index Shows Values Down 19 Percent From Peak
Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency’s Home Price Index. The Home Price Index is a government-sponsored home value tracker. Continue reading
New Home Sales Increase For The Second Straight Month
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month. Continue reading
Memorial Day Messes With Mortgage Rates
Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult. Continue reading
What’s Ahead For Mortgage Rates This Week : May 23, 2011
Mortgage markets were unchanged last week, despite improving on four of five days. Economic data was worse-than-expected almost across the board, but neither FHA nor conforming mortgage rates budged. Continue reading
Distressed Homes Now Selling At A 20 Percent Discount
The housing market recovery stalled last month. At least temporarily. Continue reading
Fed Minutes Put The Heat On Mortgage Rates To Rise
The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened. Continue reading
Building Permits Fade Faster Than Expected
Single-family housing starts fell 5 percent as compared to March 2011, and 30 percent as compared to April one year ago. Continue reading
Foreclosure filings in California have fallen to lows not seen since fall 2008.
Here are some details from an article just posted by ForeclosureRadar.com: Foreclosure activity slowed in April. Foreclosure filings were down in Arizona, California, Nevada and Washington, with Oregon being the sole exception where filings were up. California filings were down … Continue reading