First Time Home Buyers
From the monthly archives: March 2010
Mortgage rates closed out the week unchanged, but the story of the week was anything but flat.
Monday, Tuesday and Wednesday saw a steady improvement before Thursday and Friday took back the week’s gains.
Right now, interest rates are continuing to go against the predictions of the experts.
Continue Reading →Last week was simple: Rates unchanged. However, between the lines, it was a volatile week. Monday through Wednesday saw improvements and Thursday and Friday saw an equally quick sell-off.
Continue Reading →Home values are incredible from coast to coast right now.
Continue Reading →First time home buyers are finding homes more affordable than ever before. Values are better, but these 5% interest rates really extend home affordability.
Continue Reading →According to the Commerce Department’s report, February marked the 8th straight month in which Housing Starts straddled the half-million marker, dating back to June 2009.
This is a different slant on the Housing Starts story as told by the press.
Most publications are reporting that [...]
Continue Reading →Today’s Fed meeting left the Fed Funds Rate unchanged at 0.000-0.250%.
Six straight statements with very optimistic statements and further reinforcements that the economy has moved out of the 2008-2009 recession.
Positive notes included that the U.S. economy “has continued to strengthen” and that the jobs markets “is stabilizing”. It also said that business spending [...]
Continue Reading →No change to Fed Funds Rate. That doesn’t directly relate to “no change” in rates for the first time home buyer programs, but the release was good news for mortgage rates.
Continue Reading →The FOMC adjourns from their scheduled 1-day meeting today, its second from the year.
The FOMC has held the Fed Funds Rate within a target range of .000-.250 percent since December 16, 2008, and the voting members from the Fed are anticipated to vote “no change” again today.
However, no change to the Fed Funds [...]
Continue Reading →This is because the Fed Funds Rate is really a different interest rate from the rates first time home buyers get from a lender.
Continue Reading →Mortgage rates lost a little ground last week.
Continue Reading →