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
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.”
Posted in Housing Analysis |
Tagged affordability, california, dan tharp, dan the planner, Elizabeth Weintraub, Existing Home Supply, Improving Market Index, is housing market better, lower interest rate, NAHB, Pending Home Sales Index, sacramento |
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
Posted in Mortgage Rates |
Tagged 2.0, best rates, california, dan tharp, European Union, HARP, I am upside down on my mortgage, i want the best rate, New Home Sales, Pending Home Sales Index, sacramento, what are rates doing, will rates go down, will rates go up |
Mortgage markets worsened last week as the U.S. economy continued to show that it’s in recovery, and as Federal Reserve Chairman Ben Bernanke publicly hinted at the same.
In a congressional testimony Wednesday, Chairman Bernanke suggested that new, Fed-led stimulus may not be imminent, surprising Wall Street analysts and market traders who, for months, have expected a third round of quantitative easing from the Fed.
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
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