From the monthly archives: April 2010

The Headlines Were Overly Rosy On February’s Case-Shiller Index

On April 30, 2010 By

Overwhelmingly, home values fell in the 20 markets tracked by the Case-Shiller. Only San Diego showed a modest increase. The other 19 markets averaged a 1.23 percent decline between January and February. However, that’s not the story you read in the most papers.

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Market Waits For Fed Press Release

On April 28, 2010 By

The adjourns from a scheduled, 2-day meeting today.This is one of the big 8 days scheduled every year.

Upon adjournment, Fed Chairman Ben Bernanke & Co. will release the brief press release that will hit the big question:  the Continue Reading →

Mortgage Rate Predictions: Week of April 26, 2010 (We Cheated)

On April 28, 2010 By

We cheated.  Admittedly.  After years of weekly on Mondays, our track record is pretty good.  This week we were blindsided and it delayed this week’s predictions.

Last week saw higher rates on FHA, conventional, and adjustable rates–everything ticked higher.  Volcanic ash cleared [...]

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Fed Meetings = Mortgage Rate Changes

On April 28, 2010 By

The Federal Reserve adjourns from a scheduled, 2-day meeting today. These tend to be highly influential days where mortgage rates can move significantly in a very short amount of time.

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A Simple Explanation Of The Federal Reserve Statement (April 28, 2010 Edition)

On April 28, 2010 By

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. Mortgage rates are rising this afternoon.

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New Home Sales: Strong in March, but not as strong as they would seem

On April 27, 2010 By

The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.

Take a look at the headlines from last Friday:

Sales of new homes rocketed up 27 percent in March [...]

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New Homes Sales Were Strong in March

On April 27, 2010 By

The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.

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Loan Rate Predictions for Week of April 26, 2010

On April 26, 2010 By

Mortgage rates for most first time home buyer programs rose last week. This week, economic data will be at the forefront, as will the Federal Reserve which meets for one of its 8 scheduled meetings of the year.

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Home Resales Boom Into The End Of The Tax Credit; Home Values Seen Rising.

On April 23, 2010 By

As expected, jumped last month as March revealed 7% more closings versus February.

The year over year figure shows that sales volume was up over 16%.

“Existing home sale” includes those homes that have previously been inhabited.  The opposite is a “new [...]

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First Time Home Buyer Tax Credit Pushes Up Home Resales

On April 23, 2010 By

Existing Home Sales rose in March, as expected. The first time homebuyer tax credit continues to fuel higher sales figures.

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