The Pending Home Sales Index rose 7 percent in November to rise to its highest level since April 2010, the last month of last year’s home buyer tax credit program. Continue reading
Pending Home Sales Index Rises Back Above 100
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Monthly Archives: December 2011
What Mortgage Rates Are Doing This Week : December 27, 2011
The action sparked a stock market rally at the expense of mortgage bonds, sending conforming and FHA mortgage rates meaningfully higher for the first time in more than 2 months. Continue reading
Home Supplies Fall To 7 Months Nationwide; Buyer Demand Strong
Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. Home buyers and sellers throughout Sacramento should take note of November’s numbers because — behind the headlines — there’s a series of statistics that foretell higher home prices ahead. Continue reading
Mortgage Rate Watch This Week : December 19, 2011
Wall Street watched as Eurozone leaders expressed little willingness to increase aid programs within the region, and as the Federal Reserve voted against new economic stimulus for the United States. The Fed Funds Rate remains near 0.000 percent and QE3 was not introduced. Continue reading
Mortgage Payments Fall 12% Since February 2011
This is for my good friend Mark! We were at a year-end get-together (aka Drinking beer at the pub) with my rowing crew and he kept reminding me that rates are dropping. Thank you Mark! As mortgage rates drop, so do housing payments. It’s a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history. Continue reading