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A Simple Explanation Of The Federal Reserve Statement (April 25, 2012)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
New Home Sales Revised Higher In February; Slip 7% In March
Sales of new homes ticked lower in March, unexpectedly.
The Fed Starts A 2-Day Meeting Today. Make A Strategy.
The Federal Open Market Committee begins a 2-day meeting today. Mortgage rates are expected to be volatile for the next 48 hours.
Existing Home Sales Slip In March
In March, for the second straight month, home resales slipped nationwide.
Nevada Relinquishes "Top Foreclosure State" Title
Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years.
Single-Family Housing Starts Slip 0.2% In March
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
Homebuilder Confidence Slips 3 Points In April
For the first time in 3 months, homebuilder confidence has slipped.
Mortgage Rates Fall For Third Straight Week
After a brief surge north 4 percent last month, mortgage rates have settled back near their lowest levels of all-time.
Homes Get More Affordable On March Jobs Data
Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs.
Jobs Report Due Friday; Mortgage Rates Expected To Change
If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today.