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Pending Home Sales Slip In July; Creates Buyer Opportunity
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.
Mortgage Rates Bounce Off All-Time Lows; The Start Of A Trend?
One week after posting its lowest mortgage rate in 50 years, Freddie Mac reports that the 30-year fixed rate mortgage rose by an average of 7 basis points nationwide this week to 4.22 percent.
New Home Supplies Remain Flat; Builders Not Over-Extending
Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.
Existing Home Sales Slip In July
Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It’s the fourth straight month below the 5 million mark, and the report’s lowest reading since November 2010.
Mortgage Rates Don't Move With The Fed Funds Rate
Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
Bulldozers may be a remedy to the ailing housing market.
There are around 1.6 million homes in the U.S. in foreclosure or close to foreclosure, and the inventory of bank owned homes continues to grow. Market economists fear that a steady stream of home sales from banks may depress prices for years to come. However, there is...
What Perks Does Your Favorite Credit Card Offer?
Credit cards of all types do what they can to improve consumer loyalty. Offering free perks is just one way in which they try.
Housing Starts Tick Lower; Building Permits Tick Higher
Single-Family Housing Starts fell to a seasonally-adjusted, annualized 425,000 units in July, according to the Census Bureau.
95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages
In the second quarter of 2011, fixed-rate loans accounted for about 95 percent of refinance loans, based on the Freddie Mac Quarterly Product Transition Report. Refinancing borrowers preferred fixed-rate loans, regardless of whether their original loan was an...
If You’re A Landlord, Consider A Landlord Insurance Policy
If you plan to buy a rental property , or to convert your current residence for long-term rental, make sure your home is properly insured. A traditional homeowners insurance policy may be unsuitable for landlords.