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

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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

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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

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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

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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

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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

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Distressed Homes Now Selling At A 20 Percent Discount

The housing market recovery stalled last month. At least temporarily. Continue reading

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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

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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

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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

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