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 ! Continue reading
Nevada, Arizona, Georgia and California post top state foreclosure rates in first half of 2012.
The number of U.S. homes receiving foreclosure notices topped one million through the first six months of 2012, according to RealtyTrac. California registered the nation’s fourth highest state foreclosure rate the first six months of 2012, with 1.56 percent of housing units with a foreclosure filing. Continue reading
For that matter, is the Real Estate Market in California truly getting better?
84 U.S. Markets Improved In July, and the Wall Street Journal proudly called an end to the housing crisis, a declaration made without hedge, stating, “the housing bust is over.”
Click on the Photo for Enlarged Version. Much easier to read!
With last Friday mornings report, the Bureau of Labor Statistics released its Non-Farm Payrolls report. More commonly called “the jobs report”. Depending on the strength — or weakness — of the data, mortgage rates will change. As expected, the numbers were not as good as we hoped for and money started to flow into the “safe haven” of mortgage bonds. Continue reading
For mortgage rate shoppers in Sacramento and California, markets have touched new all-time lows, but are not sticking. This is due to traders taking advantage of buying on dips and selling on rallies.
It can also be argued, that banks are squeezing their pipelines by keeping rates higher, as they actively manage this mini refinance boom we are experiencing – for those homeowners who are underwater and want to take advantage of the much-needed HARP prograrm. Continue reading