Case-Shiller Index Indicates Home Values Are Stabilizing

For May, the Case-Shiller Index showed home values up in 15 of its 20 tracked U.S. markets.  It’s the first time in nearly 3 years that the index showed such strength and a signal that home prices may be turning higher for good. According to a Case-Shiller Index spokesperson, “this could be a...

More Housing Strength : New Home Sales Surge In June

Once again, the housing market is showing that its worst days may be over. According to the Census Bureau, the number of new homes sold in June leapt by 11 percent from the month prior.  It stands as the biggest one-month jump in 8 years. A “new home sale” is when a home in any stage of...

Mortgage Rate Forecast Week Of July 27, 2009

The Mortgage Market held its own today after the first of four historic Treasury auctions took place.  The U.S. Treasury‘s plan to sell its most weekly debt in history. Across four separate auctions, the government is selling $115 billion in notes.  If the notes are in low demand, bond prices will...

Mortgage Rate Review Week of July 24, 2009 (Chart)

Mortgage Backed Securities (FNMA 4.5% 30YR) gave up little ground this week shedding only 9bp.  Although you wouldn’t think that if you read all the “Increase in Mortgage Rate” Tweets, in reality Mortgage Rates ended the week where they started.  To view real time rates check my Real Time Mortgage...

Home Supply Falls To An 8-Month Low

The national home supply is down to its lowest levels since December 2008. In June, there was 9.4 months of supply, down from a year-ago level of 11.0 months.  It’s one more sign that the housing market may be mending itself. Housing supply is an important metric because home values across every...