First Time Home Buyers
From the monthly archives: December 2009
Another month, another good housing statistic.
Continue Reading →Loan rates have been under heavy selling pressure for a few weeks now. We’re hitting some key levels of support where the trend can either reverse or possibly still get much worse. It is a light trading week due to the holiday so volatility could move rates violently in either direction at this point.
Current [...]
Continue Reading →We talk a lot about the home affordability measures that look at home price and mortgage rates to calculate the cost of housing.
Continue Reading →Last week saw dramatic sell-offs through a holiday-shortened week. Forecast is for continued volatility this week.
Current Chicago Home Mortgage Rates No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. 30 Year Fixed Rate Discount Points APR 5.000% 1.03% 5.159% 5.125% 0.46% 5.235% 5.250% 0.00% 5.279% 20 Year Fixed Rate [...]
Continue Reading →What should we expect this week?
Continue Reading →Yesterday’s November Existing Home Sales revealed strength in the housing market.
Continue Reading →It has been an ugly few weeks. Today, we are getting a slight reversal and rates are improving.
This was a slight earthquake but it wasn’t the “big one.” We’re still sitting in a tight range near 5% for mortgage rates. The Fed’s share of mortgage bonds used to be just 1%. Today, they announced [...]
Continue Reading →Home resales are soaring.
For the fourth consecutive month, we bring news that today’s buyers already know:
Continue Reading →The market has been a strong downtrend for mortgage bond prices, pushing mortgage rates higher, for nearly a month now. We’re currently in the middle of a two-day cruncher that is sending mortgage rates past 5% and they’re continuing to deteriorate.
The housing data is simply too strong for mortgage rates to stay this low. [...]
Continue Reading →Chicago mortgages saw a drastic jump yesterday.
Continue Reading →