A Rate-Locking Strategy Ahead Of The Fed’s Meeting Today

January 27, 2010

The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It’s the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. Here is a rate-locking strategy for you.

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Existing Home Sales Plummet In December, But It Was Expected

January 26, 2010

Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though. It was expected.

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California Home Sale And Prices Up In December

January 25, 2010

While the Existing Home Sales Report for December showed sales were down nationwide, California’s home sales and prices were up for that month. Housing inventory is also decreasing for the state according to an article by Inman News.
Click here for the full article.

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What’s Ahead For Mortgage Rates This Week : January 25, 2010

January 25, 2010

Since shedding 300 basis points in December, mortgage bond pricing has recovered a bit more than half of those losses. It’s helping with home affordability and opening new refinance opportunities around the country. This week, though, mortgage rates could rise back up. There’s a lot going on.

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Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive In Dublin

January 21, 2010

In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials. For consumers, the changes mean higher costs.

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There’s 100 Days Left To Claim The Homebuyer Tax Credit

January 20, 2010

November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program. There’s 100 days left to claim it.

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What’s Ahead For Mortgage Rates This Week : January 19, 2010

January 19, 2010

Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound. Luckily for rate shoppers, mortgage rate momentum was favorable.

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RealtyTrac’s 2009 Foreclosure Report Gives Reason For Optimism

January 15, 2010

Versus 2008, foreclosures are up 21 percent nationwide and that’s a big number, but a deeper look at RealtyTrac’s annual reports reveals a more positive undertone on the housing market.

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Retail Sales Dropped In December And Now So Are Mortgage Rates

January 14, 2010

Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck.

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10 Cities For Home Bargains

January 13, 2010

As the housing market improves across the country, certain cities are emerging as relative bargains.

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The Bad Jobs Report Wasn’t All Bad — Mortgage Rates Fell

January 12, 2010

Despite the headlines, it’s important to remember that December’s jobs report wasn’t all bad news. There’s two sides to every economic coin.

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What’s Ahead For Mortgage Rates This Week : January 11, 2010

January 11, 2010

For the second straight week, the economic calendar is bare. Traders, once again, will be forced to rely on “gut” to make their trades.

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2010 FHA Loan Limits Released

January 8, 2010

The FHA published its 2010 loan limits. There’s no change from 2009.

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Home Buyers Get A Green Light : Pending Home Sales Plunge In November

January 6, 2010

Just one month after touching a 3-year high, the National Association of Realtors® Pending Home Sales index plunged in November. A “pending” home sale is a home that is under contract to sell, but has yet to close.
The 16 percent drop marks the first retreat in Pending Home Sales since January of last year.
The [...]

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Looking At The 2010 Predictions For Housing Markets And Mortgage Rates

January 5, 2010

2010 is just a few days old and already the “experts” are making predictions for the year.
Housing calls and mortgage rate predictions run the gamut:

Home prices will fall in 2010
Home prices will rise in 2010
Mortgage rates will rise in 2010
Mortgage rates will rise by a lot in 2010

Given how varied their outlooks, it’s clear that [...]

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