30-Year Mortgage Rates Make New Lows, But Look Ready To Spike
No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. Just check out some of these headlines from the last 24 hours: Mortgage rates set new lows for the 6th straight week (Reuters) Mortgage rates fall again;...Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.
For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high. According to The Conference Board, July’s figures are...Case-Shiller Shows Home Price Improvement In 95% Of Cities
Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller’s 20 tracked markets. It’s the second straight month of strong Case-Shiller findings. Also, May’s numbers are a...New Homes Sales Gain in June, But Gains Are Relative
After a down month in May, the sales of newly-built homes appears back on track. As published by the Census Bureau, June’s New Home Sales report showed: A 24 percent sales volume increase from the month prior A 2-month drop in the supply of newly-built home There are now just 210,000 new homes for...What’s Ahead For Mortgage Rates This Week : July 26, 2010
Posted by yourmortgageplanner on Jul 26, 2010 in Featured Articles, Mortgage Rates, Weekly Review | 0 comments
Mortgage markets worsened last week for the first time in 6 weeks last week. Investors were pleased with corporate earnings reports and the European bank stress tests results. Stocks gained on the news, and bonds lost.
Mortgage rates rose last week, but only slightly. Rate are still hovering near their...
