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Category Archives: Housing Analysis

Should I Lock or Float? This Week- August 19, 2013

Mortgage Rates Monday the 19th, 2013The market has opened this morning right where it left off last week. It continues to deteriorate. But, first let’s recap what happened last week. Looking at the graph to your right, the last 5 out of 6 trading days got worse for mortgage rates – note the “red escalator” on the far right of the chart. In addition, last week wasn’t kind to stock market investors as well.

Here is a review of the major events of the week: Read the rest of this entry »

 
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Posted by on August 19, 2013 in Housing Analysis

 

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Should I Lock or Float? This Week- August 5, 2013

Todays_market_8-6-2013When the U.S. economy hit rock bottom a few years ago we called it the Great Recession, and saw the mortgage banking industry come to a screeching halt. A thankful by-product, after the dust settled – we were treated to some of the lowest interest rates in our lifetime. Those historically low rates may have run their course as the past week brought encouraging economic news from several sources, and with that, rates are rising.

For my clients of late, I have been in a “locking” mood, and based on the technical’s – I am not changing my mind anytime soon. As you can see from the graph on your right, Mortgage Backed Securities (MBS) have traded below a ceiling of resistance going on 10 days now. The economic news this week shouldn’t have enough push, to get above that ceiling. Read the rest of this entry »

 
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Posted by on August 5, 2013 in Housing Analysis

 

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Should I Lock or Float? This Week – July 22, 2013

Mortgage Rates Trending

Mortgage Rates Trending

It’s been 3 weeks since Sacramento mortgage rates hit their highest point of 2013. Since that Friday, July 5th, we have seen a welcome rebound. I stress, the words, for now. Last Monday, retail sales came in weaker than expected – as you know, weak economic news translates to lower mortgage rates, for the most part.

Weekly jobless claims fell, and Fed Chair Ben Bernanke testified before the Senate, saying that falling gold prices were an indication of increasing confidence in the economy, but that it was “way too soon” to say when the Fed’s quantitative easing program would be reduced. Read the rest of this entry »

 
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Posted by on July 22, 2013 in Housing Analysis

 

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Should I Lock Or Float This Week : June 24, 2013

Mortgage_Market_on_June_25thHave you ever been on a roller coaster? Not the little one that comes to your state fair every year, but the big one that you spend days preparing yourself for that inevitable ride of your life. Well, comments by Fed chairman Ben Bernanke after last week’s FOMC meeting caused quite the upheaval in financial markets, and put investors on the proverbial roller coaster, as they anticipated the potential effects of any rollback of the Fed’s policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year. Read the rest of this entry »

 
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Posted by on June 26, 2013 in Housing Analysis

 

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Home Prices Accelerate In 2013 Big Time!

Case Shiller Index February 2013 Shows Home Prices AcceleratingLast week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. Looking closer to home, here in Sacramento, that number is much greater.

The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale.

All 20 Case Shiller Index Markets Show Growth Read the rest of this entry »

 
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Posted by on April 3, 2013 in Housing Analysis

 

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California Home Values up 4% – What About Sacramento?

The housing market recovery appears to turning the corner, but Sacramento is behind the curve and still playing catch-up.

According to the Federal Housing Finance Agency’s Home Price Index, home prices rose by a seasonally adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter. Read the rest of this entry »

 
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Posted by on August 28, 2012 in Housing Analysis

 

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HELP For Homeowners Underwater and What About New Homebuyers?

One month after posting a multi-year high, the Pending Home Sales Index retreated to 99.3 in June — a strong reading in its own right.

At the same time, millions of homeowners find themselves underwater, unable to refinance and take advantage of these historic low rates.

There is help now – click here !

And more help maybe on the way – click here ! Read the rest of this entry »

 
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Posted by on July 27, 2012 in Housing Analysis

 

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