Tag Archives: california

Homebuilder Confidence Returns To Pre-Recession Levels

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NAHB HMI index 2010-2012

New construction buyers in Sacramento , look out. The nation’s home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches.

It’s not time to bring out the balloons and good china yet, as the housing market’s health has a long way to go. To put this in perspective, the current pace is less than half the rate in which those homes went up during the 1990s. Hopefully, this is emblematic of a gradual and sustained growth (and recovery). Continue reading →

Lock An Instant 13% Savings On Your Monthly Mortgage Payment

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Falling mortgage rates make owning a home more affordable. Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership.

It’s a money-saving time to buy a home in Sacramento — or to refinance one. Mortgage rates have never been this low in history. Continue reading →

What Mortgage Rates Are Doing This Week : January 9, 2012

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Mortgage markets improved last week, pushing mortgage rates in Northern California lower for the second straight week. Conforming fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rates did the same.

In a holiday-shortened trading week, stronger-than-expected U.S. economic data and ongoing weakness within Europe drove investors into the U.S. mortgage-backed bond market. When demand for bonds is high, mortgage rates improve.

The Refi appetite continues. Continue reading →

Housing And Mortgage : The Experts Make Their 2012 Predictions

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As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time.

Some expect those trends to continue through the first quarter and beyond. Others expect a rapid reversal.

Who’s right and who’s wrong? Continue reading →

What Mortgage Rates Are Doing This Week : January 3, 2012

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Mortgage rates improved last week during a holiday-shortened trading week. The mortgage bond markets closed Monday for Christmas, and closed early Friday afternoon. Trading volume was light all week-long, which contributed to a year-end rally.

Mortgage bonds made their largest one-week gain in two months as conforming mortgage rates in California fell to new lows nationwide. Continue reading →