At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. That’s more than double the pace of a year ago.
Month: May, 2010
Should You Refinance Your Mortgage?
Mortgage rates are low and they likely won’t stay that way. If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.
Home Price Index Rises 0.3% in March 2010
Home values rose in March, according to the Federal Home Finance Agencyâs most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February.
Home Supplies Tick Higher, Creating An Opening For Today’s Home Buyers
According to the National Association of Realtors®, although the number of homes sold ticked higher in April, so did the supply of existing homes for sale, too. Sellers are now listing homes faster than buyers can buy them.
What’s Ahead For Mortgage Rates This Week : May 24, 2010
Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.
Home Opportunity Index Ranks 225 Metro Areas For Affordability
With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets.
The Fed’s April Minutes Push Mortgage Rates Even Lower
After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes.
Housing Starts Rise In April, Exerting Downward Pressure On Home Prices
Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute.
The Right Way To Take A Cash Gift For Downpayment
As lenders tighten mortgage guidelines, minimum downpayment requirements are increasing. It’s leading to an increase in the number of buyers accepting cash gifts from family. There’s a right and wrong way to accept a gift.
What’s Ahead For Mortgage Rates This Week : May 17, 2010
Mortgage markets improved last week — but barely — as ongoing doubt surrounding the health of Greece and the Euro pushed additional investors into safe assets, including mortgage bonds.
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