Monthly Archives: May 2010

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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Should You Refinance Your Mortgage?

Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.
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Home Price Index Rises 0.3% in March 2010

Home values rose in March, according to the Federal Home Finance Agency’s most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February. Continue reading

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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. Continue reading

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What’s Ahead For Mortgage Rates This Week : May 24, 2010

Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved. Continue reading

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More Homeowners Can Refinance as Rates Fall While Values Nudge Upward

More Homeowners Can Refinance as Rates Fall While Values Nudge Upward Continue reading

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Posted in Bob Phillips, California real estate, Coto de Caza real estate, Orange County California, Orange County California real estate, South Orange County California | Tagged , , | Comments Off

Home Opportunity Index Ranks 225 Metro Areas For Affordability

With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets. Continue reading

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The Fed’s April Minutes Push Mortgage Rates Even Lower

After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. Continue reading

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Housing Starts Rise In April, Exerting Downward Pressure On Home Prices

Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute. Continue reading

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Best April for Orange County homebuying in 3 years

Best April for Orange County homebuying in 3 years Continue reading

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Posted in Bob Phillips, California, California real estate, Coto de Caza, Coto de Caza real estate, Orange County, Orange County California, Orange County California real estate, South Orange County California | Comments Off