From the monthly archives: September 2010

The number of single-family Housing Starts rebounded in August, climbing 4 percent from July’s 14-month low.

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Fed talks, we listen. Why mortgage rates rallied yesterday and where are they heading?

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Today, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.

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Mortgage rates, on the other hand, will likely change today. Perhaps dramatically. Home mortgage rates don’t tend to vary based on what the Fed does, but rather what the Fed says.

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If you’re actively shopping for a mortgage, it may be prudent to lock your rate ahead of the Fed’s announcement today.

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Should the market develop any conviction, it is certainly more likely that mortgage rates would jump significantly rather than go down substantially. In handicapping these rates, there is just so much risk of interest rates moving higher and yet not much room for them to move lower.

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Mortgage markets were highly volatile, yet relatively unchanged last week in back-and-forth trading on Wall Street.

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There is a connection between mortgage rates, inflation, home values and rents. They all tend to move in the same direction. They also tend to follow the economic growth, or contraction, of the U.S.

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Is it better to rent a home, or to buy one? The answer may not be as clear-cut as you think. In this balanced, 3-minute joint interview from NBC’s The Today Show, you’ll hear the case for both sides.

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Default Notices Drop Again

On September 16, 2010 By

Despite foreclosure filings surpassing 300,000 for the 18th straight month, RealtyTrac’s monthly foreclosure report shows some bright spots for housing.

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