First Time Home Buyers
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A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too.
Continue Reading →We’re now in a 10-day mortgage rate rally that started on April 5th and could not have been better timed for first time home buyers.
Continue Reading →If you’re under contract for a home and plan to close in May, consider a closing date other than Friday May 28, 2010.
Continue Reading →Exactly as expected, Pending Home Sales jumped in February. This is likely to be one of three consecutive very hot marks in a row.
We’re up 8% over January’s figure and right in line with the countdown to the end of last year’s first time home buyer tax credit.
This is big news. A “pending [...]
Continue Reading →This was fully expected, but it is important to first time home buyers: Pending Home Sales spiked 8% higher versus January’s figures.
Continue Reading →The extended and expanded first time home buyer tax credit ends in just 7 weeks.
Continue Reading →Mortgage rates jumped last week for the second week in a row. Largely, this was from hotter-than-anticipated inflation data and a surprise move by the Federal Reserve. Loans for first time home buyers rose by the largest margin in any week since late-2009. In brief, last week was all about the Federal Reserve.
Continue Reading →They were indeed influential, pushing rates to their highest levels of the year for most first time home buyer loans. The notable exception was the state programs as those are not typically driven by market fluctuation.
Continue Reading →This is four weeks in a row where rates have improved for all of the most popular loans for first time home buyers.
Continue Reading →A quick recap on the day. First time home buyers saw their 401(k) shrink by 2.5% and saw mortgage rates dip lower buy almost .25% today.
Tomorrow’s Non-Farm Payrolls report from the government has the potential to really be a market mover. Mortgage bonds staged a massive rally today as fear set in all around [...]
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