Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall across the state of Washington.
Last week marks the first time this year that mortgage...
Sales of new homes rose sharply in December, posting a 17.5 percent gain from the month prior.
According to the Department of Housing and Urban Development, New Home Sales climbed to 329,000 in December, besting November by close to 50,000 units on a seasonally-adjusted annual basis.
Last month’s...
Posted by
yourmortgageplanner on Jan 26, 2011 in
FOMC |
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Today, the Federal Open Market Committee voted 10-to-0 to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent.
In its press release, the FOMC noted that since December’s meeting, economic growth is ongoing, but at a pace deemed “insufficient” to make a...
Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency’s Home Price Index.
We say “on average” because the government’s Home Price Index is a data composite for the country. The index doesn’t measure citywide changes...
Posted by
yourmortgageplanner on Jan 25, 2011 in
FOMC |
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The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It’s the group’s first meeting of 2011 — one of 8 scheduled for the year.
The Fed meets every 45 days, on average. Its last meeting was December 14, 2010.
Rate shoppers and home buyers should make a note....
