Mortgage markets improved last week ahead of Memorial Day and a 3-day weekend. Bond pricing ending the week higher, pushing conforming mortgage rates down for the 5th week out of six.
Monthly Archive: May 2011
May 27
Home Affordability Still Soaring; New Records Reached
The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter.
May 26
Home Price Index Shows Values Down 19 Percent From Peak
Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency’s Home Price Index. The Home Price Index is a government-sponsored home value tracker.
May 25
New Home Sales Increase For The Second Straight Month
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month.
May 24
Memorial Day Messes With Mortgage Rates
Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult.
May 23
What’s Ahead For Mortgage Rates This Week : May 23, 2011
Mortgage markets were unchanged last week, despite improving on four of five days. Economic data was worse-than-expected almost across the board, but neither FHA nor conforming mortgage rates budged.
May 19
Fed Minutes Put The Heat On Mortgage Rates To Rise
The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened.
May 18
Building Permits Fade Faster Than Expected
Single-family housing starts fell 5 percent as compared to March 2011, and 30 percent as compared to April one year ago.
May 17
Home Builders Seeing More Sales Today; Fewer Sales Tomorrow
Home builder confidence can’t shake its range, according to the National Association of Home Builders. The group’s monthly Housing Market Index put May’s builder confidence reading at a level of 16.
May 16
What’s Ahead For Mortgage Rates This Week : May 16, 2011
Mortgage markets worsened overall last week for the first time in 5 weeks.