Daryl Mitchell's Blog

Despite the lowest San Antonio Mortgage Rates of all-time, San Antonio Home buyers are slowing the pace at which they’re buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in August. The Pending Home Sales ...

  Standard & Poors released its monthly Case-Shiller Index this week. The Case-Shiller Index measures home price changes from month-to-month, and year-to-year, in 20 select U.S. cities. It also reports a “national” index; a composite of the values in said cities. The most recent Case-Shiller Inde...

Are San Antonio Home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. “Existing homes” are homes that are previously owned; ones that cannot be considered ...

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. August marked the lowest new home sales tally since February....

Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues. Conforming mortgage rates fell in San Antonio Texas last week overall, dropping for the second straight week. For rate shoppers, the be...

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A “Housing Start” is defined as a San Antonio home on which ground has broken. We shouldn’t put too much faith in the findings, however. Although housing...

WASHINGTON – Fixed mortgage rates hovered at record lows for a third straight week. They are likely to fall even further now that the Federal Reserve said it would shuffle its holdings to drive down long-term interest rates.   The average rate on the 30-year fixed San Antonio Mortgage was unchang...

This article is from: San Antonio Business Journal, This is great news for San Antonio, Texas! Date: Wednesday, September 21, 2011, 10:58am CDT Related: Health Care Enlarge Image   The San Antonio Military Medical Center will soon become the largest military hospital in the Department of Defense....

by Daryl Mitchell 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 vote was 7-3 — the second straight meeting at which the FOMC adjourned with as many 3 dissenters. Prior to that last meeting, the...

  Debt ratio of outstanding balance to available credit is important.  Keeping that below 50% is wise and below 30% even wiser.  It is never a good idea to close an account; the debt ratio will go up and the number of seasoned lines will decrease.  Pay outstanding debt down as close to zero as po...