Monthly Archives: January 2012

Supply Of New Homes At 6.1 Months Nationwide

Posted on January 31, 2012 by Bob Phillips

According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide. Continue reading →

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What’s Ahead For Mortgage Rates This Week : January 30, 2012

Posted on January 30, 2012 by Bob Phillips

Conforming mortgage rates rallied from Wednesday through Friday’s close, ending the week near all-time lows set earlier this year. Continue reading →

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Pending Home Sales Index Posts Second Best Month Since April 2010

Posted on January 27, 2012 by Bob Phillips

The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time. Continue reading →

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A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

Posted on January 25, 2012 by Bob Phillips

Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. Continue reading →

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The Federal Reserve Meets Today : Mortgage Rates Expected To Move

Posted on January 25, 2012 by Bob Phillips

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year. Continue reading →

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Existing Home Sales Approach Bull Market Territory

Posted on January 24, 2012 by Bob Phillips

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high. Continue reading →

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What’s Ahead For Mortgage Rates This Week : January 23, 2012

Posted on January 23, 2012 by Bob Phillips

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next. Continue reading →

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Behind The Housing Starts Headlines, The Story That Matters

Posted on January 20, 2012 by Bob Phillips

Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 — the last month of last year’s home buyer tax credit. Continue reading →

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Home Builders See More Sales, Higher Prices Ahead

Posted on January 19, 2012 by Bob Phillips

Homebuilder confidence is soaring, reaching levels not seen in more than 4 years. Continue reading →

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Foreclosure Filings Fall To 49-Month Low

Posted on January 18, 2012 by Bob Phillips

Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. Continue reading →

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