Mortgage rates worsened for the week ending February 8, 2013 in response to strong economic data in the US and abroad.
Improving Market Index : Up To 201 Cities For December 2012
The Improving Market Index added 76 metropolitan areas in December as compared to the month prior.
The Federal Reserve Begins A 2-Day Meeting Today
The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year.
October Jobs Report Blows Away Estimates; Mortgage Rates Falling
Mortgage rates are performing surprisingly well after Friday's release of the October 2012 Non-Farm Payrolls report.
New Home Supply Remains Firmly In “Seller’s Market” Territory
According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.
Buyers Win 6.6 Percent Increase In Purchasing Power
Home purchasing power is up 6.6% since the start of the year.
FOMC Expected To Announce New Stimulus Today
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change -- perhaps by a lot.
Freddie Mac 30-Year Fixed Rate Mortgage Rates Rises To 3.55%
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
Singe-Family Housing Starts Rise For 4th Straight Month
New construction housing is in a post-recession rally.
Revisiting Housing Market Predictions For 2012
Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?
Home Purchasing Power Jumps To New Highs
With mortgage rates down to all-time lows, you can buy a lot more home for your money these days. Home affordability is at an all-time high.
Mortgage Rate Risk Ahead Of Friday Morning’s Jobs Report
Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. If you're actively shopping for a mortgage, today may be a prudent day to lock a mortgage.
A Simple Explanation Of The Federal Reserve Statement (June 20, 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.
Fed Minutes Causes Mortgage Rates To Rise Suddenly
The Federal Reserve has released the minutes from its last FOMC meeting. Mortgage rates are rising on the news.
