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Pending Home Sales Index Posts...

Posted by on Jan 27, 2012
After 3 consecutive months of growth, the housing market appears to have eased a bit in December. According to the National Association of REALTORS®, December’s Pending Home Sales Index slipped 4 percent from the month prior. The index measures the number...

A Simple Explanation Of The Fe...

Posted by on Jan 25, 2012
Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The Fed Funds Rate has been near zero percent since December 2008. For the third consecutive month,...

The Federal Reserve Meets Toda...

Posted by on Jan 25, 2012
The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year. The FOMC is a designated, rotating, 12-person committee within the Federal Reserve, led by Federal Reserve Chairman Ben Bernanke....

Existing Home Sales Approach B...

Posted by on Jan 24, 2012
The housing market finished 2011 with strength, and is carrying measurable momentum into 2012.  According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00...

Home Builders See More Sales, ...

Posted by on Jan 19, 2012
Homebuilder confidence is soaring. For the fourth straight month, the National Association of Homebuilders reports an increase in its Housing Market Index. The index climbed 4 points to 25 this month – its second four-point gain since October. With home...

Foreclosure Filings Fall To 49...

Posted by on Jan 18, 2012
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior. Not since November 2007 has foreclosure activity been this sparse across...

What’s Ahead For Mortgag...

Posted by on Jan 17, 2012
Mortgage markets gained last week, picking up momentum into the weekend. Global demand for mortgage-backed bonds helped push mortgage rates to new lows, and closing costs eased somewhat, too. According to Freddie Mac’s weekly mortgage rate survey, the average...
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If your ARM is due to adjust this spring, your best move may be to allow it. Don’t rush to refinance — your rate may be adjusting lower. It’s because of how adjusted mortgage rates are calculated. First, let’s look at the lifecycle of a conventional, adjustable rate...
recent from Housing Analysis Pending Home Sales Index Posts Second Best Month Since April 2010
After 3 consecutive months of growth, the housing market appears to have eased a bit in December. According to the National Association of REALTORS®, December’s Pending Home Sales Index slipped 4 percent from the month prior. The index measures the number of homes under contract to sell...
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Consumer spending continues to rise nationwide, fueled by jobs growth and a rosier outlook for the U.S. economy. Unfortunately for mortgage rate shoppers |*STATE in % STATE**|, it may also lead to higher mortgage rates later this week. Thursday morning, the Census Bureau will release its U.S. Retail Sales...
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Washington State Mortgage Rates This Week : January 23, 2012 The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose throughout Washington from one week to the next. Data was strong across all categories last week. Home Resales :Existing Home Sales rose 5% New Homes :...

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