RECENT BLOG POSTS
Adjustable-Rate Mortgages Starting To Adjust Higher For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates. The interest rate by which many adjustable-rate mortgages adjust has climbed to its highest level since September 2010, and looks poised to reach...
09/14/2011
Everyone Lives In A Flood Zone. Are You Covered? Everyone lives in a flood zone. Flooding is the top-ranked natural disaster in the United States, with a dozen potential causes ranging from heavy rains, tropical storms and hurricanes to new housing developments and rain after fire. Floods can occ...
09/12/2011
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. The monthly report is published by the National Association of REALTORS® and measures the number of home under contract to sell nationwide. The Pend...
08/31/2011
Mortgage Rates Bounce Off All-Time Lows; The Start Of A Trend? Low mortgage rates are terrific — if you can get them. 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 ...
08/29/2011
Mortgage Rates Don’t Move With The Fed Funds Rate Last week, at its 5th scheduled meeting of the year, the Federal Open Market Committee voted to leave the Fed Funds Rate in its target range near zero percent. The Fed Funds Rate has been near zero percent since December 2008 and, in its official ...
08/22/2011
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. A “Housing Start” is defined as a home on which construction has started and ground has broken. Furthermore, Single...
08/19/2011
Strong Job Growth In July Trumped By Credit Downgrade More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition...
08/12/2011
