S&P released its Case-Shiller Index today.
Continue Reading →The changes to the FHA up-front mortgage insurance premiums starts on Monday, April 5th.
There were three big announcements from the FHA early this year including:
UFMIP (Upfront Mortgage Insurance Premiums):
Continue Reading →Rates for first time home buyers jumped last week, surging to their highest levels in over a month.
The worst day was Wednesday and marked the worst day for mortgage rates in [...]
Continue Reading →Chicago home mortgage rates took a beating last week, rising to the highest levels in a month.
Wednesday was the worst day in over six months and Friday’s rally was just a dent in the week’s loss.
As expected, home values dropped a small amount in January, just 0.6% on average, according to the Federal Home Finance Agency’s Home Price Index (HPI).
It’s “on average” because the HPI is a national report.
Continue Reading →We’re 18 months removed from the Lehman Brothers weekend surprise that made a bad situation worse. Almost overnight, credit completely dried up.
It is changing.
Let’s look at this in context. Towards the end of the last boom, there was almost no underwriting distinction between good and bad credit risks. Nearly everyone could get a [...]
Continue Reading →As expected, Existing Home Sales slipped about 30k units in February versus January.
Continue Reading →Existing home sales dipped in February. As we’ve been discussing, November’s surge was the flood of first time home buyers out to meet the original deadline for the tax credit.
Continue Reading →CNNMoney.com recently published its 2010 forecast and projections for home prices in the country’s largest metro markets.
Listed as “Top 25″ and also comprehensively by state, CNNMoney.com’s home price forecasts puts Santa Rosa, California at the top of [...]
Continue Reading →CNNMoney.com recently published its 2010 forecast and projections for home prices in the country’s largest metro markets. Listed as “Top 25″ and also comprehensively by state, CNNMoney.com’s home price forecasts puts Santa Rosa, California at the top of 2010′s home appreciation list and Hanford, California at its bottom.
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