The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year.
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 high.
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 next.
Behind The Housing Starts Headlines, The Story That Matters
Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 — the last month of last year’s home buyer tax credit.
Home Builders See More Sales, Higher Prices Ahead
Homebuilder confidence is soaring, reaching levels not seen in more than 4 years.
Foreclosure Filings Fall To 49-Month Low
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac.
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 fall.
Will Home Values Rise This Year?
Will your home gain value over the next 12 months? Nobody can know for sure, but should recent housing trends continue, there’s concrete cause for optimism.
Fed Minutes Show An Improving U.S. Economy Threatened By The Eurozone
The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. December’s Fed Minutes shows Fed members with a positive, cautious, take on the economy.
Home Affordability Set To Worsen On Thursday’s Retail Sales Data
Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers, it may also lead to higher mortgage rates later this week.
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