After posting a strong September, the number of newly-built homes sold nationwide slipped in October.
Monthly Archive: November 2010
Nov 29
Mortgage Rates for Boise Idaho This Week: November 29, 2010
In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing week.
Nov 26
Fed Minutes Help Push Mortgage Rates To 4-Month High
Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.
Nov 24
October Existing Home Sales : Buyers And Sellers In Balance
It’s encouraging that first-time and investment property buyers were both outnumbered by “move-up” buyers in October; buyers that have sold their respective homes in favor of larger ones.
Nov 23
Applying For A Mortgage Soon? Don’t Open New Credit Cards On Black Friday.
Shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge.
Nov 22
Housing Deliquency Rate Falls
The U.S. mortgage delinquency rate declined last quarter as the employment picture brightened. The Mortgage Bankers Association reported that the rate of delinquency on single-family homes for the third quarter fell 0.72% from the previous quarter for a reading of of just 9.13%. The media coverage of the housing market would lead most to assume …
Nov 22
Mortgage Rates for Boise Idaho This Week : November 22, 2010
The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago.
Nov 19
Mortgage Rates Still Rising. Is This The Bottom?
With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending.
Nov 18
Housing Starts Data Much Better Than The Headlines Would Have You Believe
Newspaper stories can be misleading sometimes — especially with respect to real estate. We saw a terrific example of this Wednesday.
Nov 17
Homebuilders Expect A Surge In New Home Sales
According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism.