Archive for March, 2010
Case-Shiller Shows Home Price Improvement In A Majority Of Cities Nationwide
Standard & Poors released its Case-Shiller Index Wednesday. The report shows that, on a seasonally-adjusted basis, between December and January, home prices rose in more than half of the index’s tracked markets. The strength of this month’s Case-Shiller report, however, should be put in context.
Read More..>>Get Your FHA Mortgage Application Started — Fees Increase 1/2 Percent Starting Monday, April 5, 2010
Starting Monday, April 5, 2010, getting an FHA mortgage will be more expensive. That means you’ll want to give a full mortgage application before the weekend so your lender can register your loan in time for the deadline.
Read More..>>What’s Ahead For Mortgage Rates This Week : March 29, 2010
Mortgage markets tanked last week, raising rates to their highest levels in a month. Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months.
Read More..>>The Home Price Index Shows Home Values Lower Broadly, But Not Specifically
Home values fell again in January, according to the Federal Home Finance Agency’s Home Price Index. Values were reported down 0.6 percent, on average. But it’s hardly helpful information for buyers and sellers.
Read More..>>The Average Household Will Get $2,800 In Tax Refunds. Will You?
If you’re among the Americans expecting a tax refund this year, this 4-minute piece from NBC’s The Today Show may be helpful. It’s a talk about how to receive a refund and what to do with it.
Read More..>>Existing Home Sales Flatten And Point To A Much Better Spring
As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. But it may not last long.
Read More..>>CNNMoney.com Predicts The Best And Worst Real Estate Markets For 2010
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.
Read More..>>What’s Ahead For Mortgage Rates This Week : March 22, 2010
Mortgage markets closed unchanged last week, but that’s not say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off unwound the gains. The speed of the Thursday-Friday reversal may signal that markets are preparing for change.
Read More..>>Single-Family Housing Starts Hold Steady For The 8th Straight Month
Single-family Housing Starts idled last month, dropping just 3,000 units from the month prior, or 0.2%. 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.
Read More..>>A Simple Explanation Of The Federal Reserve Statement (March 16, 2010 Edition)
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.
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