President’s Club

Supply Of New Homes At 6.1 Months Nationwide

According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis [...]

What’s Ahead For Mortgage Rates This Week : January 30, 2012

Conforming mortgage rates rallied from Wednesday through Friday’s close, ending the week near all-time lows set earlier this [...]

Pending Home Sales Index Posts Second Best Month Since April 2010

The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of [...]

A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 [...]

The Federal Reserve Meets Today : Mortgage Rates Expected To Move

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this [...]

Existing Home Sales Approach Bull Market Territory

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month [...]

What’s Ahead For Mortgage Rates This Week : January 23, 2012

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the [...]

Home Builders See More Sales, Higher Prices Ahead

Homebuilder confidence is soaring, reaching levels not seen in more than 4 [...]

Foreclosure Filings Fall To 49-Month Low

Foreclosure filings are fewer these days, according to foreclosure-tracking firm [...]

What’s Ahead For Mortgage Rates : Week Of January 17, 2012

According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate fell to 3.89% nationwide. This week, the Eurozone will determine whether rates rise or [...]