Mortgage Rate Forecast Week of August 17, 2009 (Chart)

The week started off with a BANG the FNMA 30 YR 4.5% MBS posted a 34bp gain.  This week, there isn’t much data with which traders can play so expect mortgage rates to trade on emotion and momentum instead.  This is good for rate shoppers when mortgage rates are falling, but if they start to rise;...

Foreclosures Continue To Concentrate Across Just 3 States

Foreclosure-tracker RealtyTrac reports that the number of foreclosures nationwide rose 7 percent on a month-to-month basis last month. However, 3 states dominated the foreclosure list, tallying more foreclosures between them than the rest of the country combined. California : 30.0 percent Florida : 15.7...

Data Coverage and Zestimate Accuracy – Zillow

Data Coverage and Zestimate Accuracy – Zillow. How accurate is Zillow? Many wonder. Should you base your values off Zillow? Zillow has provided Data Coverage and Zestimate Accuracy – Zillow as a means to weigh your...

What Did The Federal Reserve Statement Say (August 12, 2009 Edition)

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. It also reiterated plans to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the U.S. economy is ”leveling off” and that...

Closing On Or Near Labor Day? Plan Ahead.

As the unofficial end of summer, Labor Day weekend is popular vacation time for American families. And this year, with home sales on the rise and mortgage rates relatively low, early-September figures to be a popular closing date, too. These points may appear unrelated, but there is an important connection...