Housing Starts Data Much Better Than The Headlines Would Have You Believe

November 18, 2010

Newspaper stories can be misleading sometimes — especially with respect to real estate. We saw a terrific example of this Wednesday.

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Homebuilders Expect A Surge In New Home Sales

November 17, 2010

According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism.

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Mortgage Rates Spike On Strong Retail Sales Data. Could 4 Percent Rates Be Done?

November 16, 2010

Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end.

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What’s Ahead For Mortgage Rates This Week : November 15, 2010

November 15, 2010

Last week marked the first sizable mortgage rate increase over the course of 7 days since April.

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October 2010 : 5 States Account For Half Of The Nation’s Foreclosure Activity

November 12, 2010

As usual, foreclosure density varied by region last month, with just 5 states accounting for close to half of the nation’s repossessed homes.

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Fed Survey : Mortgage Guidelines Tighten Further, Freeze Out Would-Be Refinancers

November 10, 2010

For the period July-September 2010, 52 of 54 responding loan officers admitted to tightening their prime guidelines, or leaving them “basically unchanged”.

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Pending Home Sales Slip In September, Suggesting A Buyer’s Market Until January

November 9, 2010

So long as mortgage rates remain rock bottom, the autumn season is looking like a terrific time to buy.

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What’s Ahead For Mortgage Rates This Week : November 8, 2010

November 8, 2010

Huge gains and losses characterized day-to-day trading last week. Overall, however, conforming mortgage rates improved.

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Today’s Jobs Report Will Keep Mortgage Rates Highly Volatile

November 5, 2010

Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.

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A Simple Explanation Of The Federal Reserve Statement (November 3, 2010 Edition)

November 3, 2010

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent.

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Licensing: AZ MB: 0906831, Equal Housing Lender