December’s Job Report : Good For Home Affordability
On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report. More commonly called “the jobs report”, the government’s data include raw employment figures and the Unemployment Rate. The jobs report hit the wires at 8:30 AM ET today. It’s...Loan Costs Increasing April 1, 2011
Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs. Loan-level pricing adjustments are mandatory closing costs. They’re assigned by Fannie Mae and Freddie Mac, and based on a loan’s specific risk to Wall...The Fed Minutes Keep Mortgage Rates On Hold (For Now)
The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn’t much there to disturb mortgage markets, thankfully. The “Fed Minutes” is an official recap of the most recent meeting of the Federal Open Market Committee. It’s published 8 times...Pending Home Sales Rises To 6-Month High
The housing market continues to expand, and surprise. According to the National Association of REALTORS®, November’s Pending Home Sales Index gained 3 percent from October. A “pending home sale” is a home under contract but not yet closed. The index is now at its highest point...What’s Ahead For Mortgage Rates This Week : January 3, 2011
Posted by yourmortgageplanner on Jan 3, 2011 in Featured Articles, Mortgage Rates, Weekly Review | 0 comments
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. Mortgage bonds improved on year-end profit-taking, mostly, leading conforming mortgage rates in Washington lower.
Last week marked the first calendar week in which mortgage rates dropped since...
