Monthly Archives: July 2012

Planning Ahead For The Federal Reserve’s Next Move

Posted on July 31, 2012 by Bob Phillips

The FOMC meets today for the fifth time this year. Mortgage rates will be volatile for the next few days. Make sure to have a plan. Continue reading →

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

Posted on July 30, 2012 by Bob Phillips

Mortgage markets booked major losses last week after European leaders spoke of their determination to preserve the European Union. Continue reading →

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Pending Home Sales Index Falls Just Short Of 100

Posted on July 27, 2012 by Bob Phillips

The Pending Home Sales Index is on a 14-month winning streak. Continue reading →

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Orange County foreclosures take a dive

Posted on July 26, 2012 by Bob Phillips

“Click on slide show to see charts detailing the drop in O.C. foreclosures. The number of Orange County homes lost to foreclosure plunged this spring to levels not seen since before banks launched a record-setting rise in property seizures, data … Continue reading →

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Posted in California real estate, CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Orange County California real estate | Leave a comment

New Home Sales Slow After Fast Start To 2012

Posted on July 26, 2012 by Bob Phillips

Sales of new homes slipped 8 percent in June. Continue reading →

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Home Values Rose Another 0.8% In May 2012

Posted on July 25, 2012 by Bob Phillips

The housing market’s bottom is 9 months behind us. Home values continue to climb nationwide. Continue reading →

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Posted in California real estate, Existing Home Sales, Home buying, Home Values, Orange County California real estate, South Orange County California, The Economy | Tagged , , | Leave a comment

Mortgage Rates Down 1 Percent In One Year

Posted on July 24, 2012 by Bob Phillips

30-year fixed rate mortgage rates have now dropped through 5 consecutive weeks, and in 11 of the last 12 weeks. Continue reading →

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

Posted on July 23, 2012 by Bob Phillips

Mortgage markets improved last week on expectations for new Federal Reserve stimulus, plus ongoing concerns about the European Union’s future. Continue reading →

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Big-four lender’s mortgage originations climb 37%

Posted on July 20, 2012 by Bob Phillips

From HousingWire.com           By Jon Prior     July 20, 2012 “Mortgage originations at the big-four banks increased 37% in the second quarter from last year because of the expanded Home Affordable Refinance Program. Wells Fargo, JP … Continue reading →

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Posted in Adjustable Rate Mortgages, Distressed properties, Foreclosures, Home Values, Loan modifications, Mortgage Principal Reductions, Mortgage Rates, Orange County California real estate | Leave a comment

Existing Home Supply Ticks Higher To 6.6 Months Nationwide

Posted on July 20, 2012 by Bob Phillips

Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. Continue reading →

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Posted in California real estate, Existing Home Sales, Home buying, Home Values, Mortgage Rates, Orange County California real estate, Pending Home Sales, The Economy | Tagged , , | Leave a comment