The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
Read the rest of this entry...Home Supplies Drop To Multi-Year Low
October 24 2012
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
Read the rest of this entry...Tagged Under : Existing Home Sales, Existing Home Supply, NAR
The Most Expensive U.S. ZIP Codes (2012 Edition)
October 23 2012
Using data compiled by real estate market data firm Altos Research, Forbes Magazine recently presented America’s most expensive ZIP codes for 2012.
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What’s Ahead For Mortgage Rates This Week : October 22, 2012
October 22 2012
Mortgage markets worsened last week, taking mortgage rates higher. The Federal Open Market Committee meets this week.
Read the rest of this entry...Tagged Under : FOMC, Freddie Mac, Purchasing Power
How To Improve Your FICO Score
October 19 2012
The credit score average for approved mortgage applicant was 750 last month. From The Today Show from NBC, here are basic tips to maximize your FICO.
Read the rest of this entry...Tagged Under : Credit Score, FICO, The Today Show
Single-Family Housing Starts Rise To 4-Year High
October 18 2012
According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.
Read the rest of this entry...Tagged Under : Census Bureau, Housing Starts, Purchasing Power
Home Builder Confidence Moves To 6-Year High
October 17 2012
Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 — a span of 77 months.
Read the rest of this entry...Tagged Under : HMI, Housing Market Index, NAHB
Buyers Win 6.6 Percent Increase In Purchasing Power
October 16 2012
Home purchasing power is up 6.6% since the start of the year.
Read the rest of this entry...Tagged Under : Freddie Mac, Mortgage Rates, Purchasing Power
What’s Ahead For Mortgage Rates This Week : October 15, 2012
October 15 2012
Mortgage markets improved slightly last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East. U.S. mortgage rates fell slightly in the holiday-shortened week.
Read the rest of this entry...Tagged Under : China, Freddie Mac, Greece
Florida Takes Top Foreclosure Slot For September 2012
October 12 2012
According to foreclosure-tracking firm RealtyTrac, in September, the number of foreclosure filings nationwide fell 7 percent from the month prior, and fell 16 percent from September 2011.
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