No doubt you've heard that mortgage rates are low. They're lower than they've ever been in history. The news is everywhere. But the low rate environment looks like it's ending.
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30-Year Mortgage Rates Make New Lows, But Look Ready To Spike
Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.
For the second consecutive month, U.S. consumer confidence is plunging. July's official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.
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Housing Starts Ease 0.7 Percent In June — 7x Better Than The Headline Data
Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide.
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What’s Ahead For Mortgage Rates This Week : July 19, 2010
Mortgage rates are artificially right now so even the slightest jolt could cause them to spike. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days' time. Therefore, if you're shopping for a mortgage and like the rate you've been quoted, consider locking in as soon...
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The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode
At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed's words are doing wonders for mortgage rates.
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What’s Ahead For Mortgage Rates This Week : July 11, 2010
Mortgage rates have fallen in 4 consecutive weeks and are on an extended rally that dates back to mid-April. This week, however, data returns and rates could reverse. Especially with inflation numbers are in play.
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The Flawed Home Price Index Shows Home Values Up 0.8 Percent
Last week, the Case-Shiller Index reported home values up 0.8 percent across 20 tracked markets. The public-sector Federal Housing Finance Agency has reached a similar conclusion.
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Was The Pending Home Sales Report Really That Bad? It Depends Who You Ask — Buyer Or Seller.
On the surface, May's Pending Home Sales Index looks terrible for housing. And, if you're a seller, it just might be. But, if you're a buyer, the story reads differently. Just consider the market conditions.
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The Year Is Half-Over. How Did The Housing Experts Fare On Their Predictions?
As 2009 was ending, the "experts" were busy making forecasts about the U.S. economy and what to expect in 2010. Were they right?
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Buyers Take The May 2010 New Home Sales Data All The Way To The Bank
The press is referring to the May New Home Sales report as "poor". A closer look, however, shows that may not be the case.
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Daily Mortgage Rate Lock Advice
- Daily Rate Lock Recommendation – 07/30/2010 July 30, 2010
- Daily Rate Lock Recommendation – 07/28/2010 July 28, 2010
- Daily Rate Lock Recommendation – 07/27/2010 July 27, 2010
- Daily Rate Lock Recommendation – 07/26/2010 July 26, 2010
