Mortgage rates rose last week, but only slightly. Rate are still hovering near their lowest levels of all-time.
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What’s Ahead For Mortgage Rates This Week : July 26, 2010
Existing Home Sales Drop In June But Hint At Higher Price Tier Support
Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month's data reveals some interesting trends.
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Foreclosure Activity Slows Again In June 2010
June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state. Like everything else in real estate, it seems, foreclosures are a local phenomenon.
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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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May 2010 Existing Home Sales Is Better Than The Headline Data Suggests
The press is calling the May 2010 drop in Existing Home Sales "unexpected" and disappointing, but a deeper look at the data shows the news isn't as bad as it first appears.
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Pending Home Sales Data Shows Great Deals On Homes Are Getting Harder To Find
April marks the third straight month that pending home sales are up and today's buyers should take note. This is because, according to the National Association of Realtors®, 80% of homes under contract close within 60 days.
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The Supply Of New Homes For Sale Just Dropped Off A Cliff
At the current sales pace, the nation's complete supply of new homes would be sold in just 5 month's time. That's more than double the pace of a year ago.
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Home Supplies Tick Higher, Creating An Opening For Today’s Home Buyers
According to the National Association of Realtors®, although the number of homes sold ticked higher in April, so did the supply of existing homes for sale, too. Sellers are now listing homes faster than buyers can buy them.
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The Headlines Were Overly Rosy On February’s Case-Shiller Index
Overwhelmingly, home values fell in the 20 markets tracked by the Case-Shiller. Only San Diego showed a modest increase. The other 19 markets averaged a 1.23 percent decline between January and February. However, that's not the story you read in the most papers.
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Home Resales Boom Into The End Of The Tax Credit; Home Values Seen Rising.
Existing Home Sales rose in March, as expected. U.S. homebuyers closed on 7 percent more homes as compared to February.
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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
