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New Home Sales Figures Better Than Reported
According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.
Existing Home Sales Jump; Home Supplies Falling
According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.
Building Permits Rising Nationwide; Housing Starts To Follow
Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011.
A Simple Explanation Of The Federal Reserve Statement (September 21, 2011 Edition)
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
The Fed Adjourns At 2:15 PM ET Today : What It Means For Mortgage Rates
The Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year, and the seventh Fed meeting overall. Mortgage rates will be volatile.
Homebuilder Confidence Stays Flat
Homebuilders are feeling worse about the market for new homes nationwide.
Choosing A 15-Year Fixed Rate Mortgage Over A 30-Year Fixed Rate Mortgage
If you’ve ever considered a 15-year loan term, it’s a terrific time to talk to your lender. According to Freddie Mac’s weekly mortgage rate survey, the 15-year fixed rate mortgage is at its lowest point in history.
Annual Foreclosure Filings Down For 11th Straight Month
On an annual basis, foreclosure filings fell last month. On a monthly basis, they did not.
Capitalize On Low Interest Rates In Overlooked Places
It’s no secret. Rates are low right now. And, it’s not just mortgage rates, either — all types of rates are scraping rock-bottom. Borrowing rates, lending rates and savings rates are at or near their all-time lowest levels.
Adjustable-Rate Mortgages Starting To Adjust Higher
For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.