Monthly Archives: October 2011

What’s Ahead For Mortgage Rates This Week : October 31, 2011

Posted on October 31, 2011 by Bob Phillips

Mortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction. Continue reading →

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Pending Home Sales Index Slips For 4th Straight Month

Posted on October 28, 2011 by Bob Phillips

Nationwide, fewer homes are going under contract to sell. Continue reading →

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New Home Inventory Keeps Sinking

Posted on October 27, 2011 by Bob Phillips

Home builders continue to sell homes and work through inventory. Continue reading →

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Detroit Leads All Case-Shiller Cities In Home Price Improvement

Posted on October 26, 2011 by Bob Phillips

Since bottoming out in March of this year, the Case-Shiller Index is up nearly 4 percent. Continue reading →

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The Government’s Revamped HARP Program For Underwater Homeowners

Posted on October 25, 2011 by Bob Phillips

The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance. Continue reading →

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What’s Ahead For Mortgage Rates This Week : October 24, 2011

Posted on October 24, 2011 by Bob Phillips

Mortgage markets improved last week on worries that Eurozone leaders would decline to send aid to Greece. These concerns overshadowed optimism for the U.S. economy, the result of several strong data points. Continue reading →

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Despite 18% Contract Failure Rate, Home Resales Stay Strong

Posted on October 21, 2011 by Bob Phillips

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September’s Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide. Continue reading →

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Finding Truth In September’s Housing Starts Report

Posted on October 20, 2011 by Bob Phillips

Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis. Continue reading →

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Homebuilder Confidence Rises on Surging Sales Volume, Foot Traffic

Posted on October 19, 2011 by Bob Phillips

Homebuilder confidence is rebounding sharply. Continue reading →

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Foreclosure Rate Drops For The 12th Straight Month

Posted on October 18, 2011 by Bob Phillips

Foreclosure activity continues to slow throughout the United States. Continue reading →

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