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Monthly Archives: August 2010
Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week
Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it. Continue reading
What’s Ahead For Mortgage Rates This Week : August 30, 2010
When Chairman Bernanke talks, markets listen. His comments about the U.S. economy helped fuel a late-Friday surge in mortgage rates last week. Continue reading
Home Affordability Rankings For 225 Metropolitan Statistical Areas
With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights. Continue reading
Fewer California mortgages are in default
Fewer California mortgages are in default Continue reading
New Home Sales Drop In July — Just Like Existing Home Sales
Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July’s rate of sales, the nation’s new home inventory would be exhausted in just about 9 months. Continue reading
Existing Home Sales Plummet In July; Home Buyers Gain Leverage
The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal. Continue reading
Bank Mortgage Lending Policies Appear To be Easing
According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges. Continue reading
What’s Ahead For Mortgage Rates This Week : August 23, 2010
This week, it’s unlikely that the Refi Boom will meet its end, but that doesn’t mean you should wait for rates to fall further. Mortgage rates tend to change quickly and without notice, and should rates rise, you may find that you’ve missed the market bottom. Continue reading
Mortgage Rates Make New Lows For The 9th Week In A Row
Mortgage rates are (again) at their lowest levels in history. Continue reading
How Much Should You Expect To Pay In Mortgage Closing Costs?
How much does a mortgage cost? The answer depends on where you live. But no matter which your locale, chances are strong that you’ll pay more for a mortgage in 2010 as compared to 2009. Continue reading