Monthly Archives: August 2012

Mortgage Rates Drop For The First Time In 4 Weeks

Posted on August 31, 2012 by Bob Phillips

After 4 weeks of increases, mortgage rates finally recede nationwide. Continue reading →

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Pending Home Sales Index Makes New High For 2012

Posted on August 30, 2012 by Bob Phillips

In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7. Continue reading →

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New Home Sales Reach Multi-Year High

Posted on August 29, 2012 by Bob Phillips

As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis. Continue reading →

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Government : Home Prices Up 3.0% In Last 12 Months Nationwide

Posted on August 28, 2012 by Bob Phillips

According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. Continue reading →

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What’s Ahead For Mortgage Rates This Week : August 27, 2012

Posted on August 27, 2012 by Bob Phillips

Conforming mortgage rates fell last week for the first time this month, breaking a 4-week losing streak. Continue reading →

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Orange County California’s troubled mortgages cut by 24%

Posted on August 24, 2012 by Bob Phillips

From today’s Orange County Register, by Jon Lansner: Orange County’s 90-day mortgage delinquency rate — an early warning sign of borrowers’ financial troubles — is 23% better than California’s woes and 31% lower than national patterns, by one industry estimate. … Continue reading →

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Posted in CDPE ( Certified Distressed Property Expert.), Distressed properties, Foreclosures, Home Values, Loan modifications, Mortgage Principal Reductions, Orange County California real estate, Refinance | Leave a comment

Mortgage Rates Dropping After Release Of Fed Minutes

Posted on August 24, 2012 by Bob Phillips

Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped. Continue reading →

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Existing Home Sales Rise To 4.47 Million

Posted on August 23, 2012 by Bob Phillips

Home resales climbed 2% last month as the housing market continues its slow, steady recovery. Continue reading →

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

States With The Highest And Lowest Closing Costs, 2012

Posted on August 22, 2012 by Bob Phillips

Mortgage rates are lower this year, and closing costs are, too. Continue reading →

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Single-Family Housing Starts Remain Strong

Posted on August 21, 2012 by Bob Phillips

Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010. Continue reading →

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