After posting a strong September, the number of newly-built homes sold nationwide slipped in [...]
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In a holiday-shortened week on Wall Street, mortgage markets improved on 3 of 4 days, but still posted its fourth consecutive losing [...] 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 [...] 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 [...] 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 [...] 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 [...] With the sudden rise in mortgage rates, we have to question whether the Refi Boom is [...] Newspaper stories can be misleading sometimes — especially with respect to real estate. We saw a terrific example of this [...] 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 [...] Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end. [...] |
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