According to the Standard & Poors Case-Shiller Index, home values rose 5 percent in June versus the month prior, and 4 percent from a year earlier. It’s the 16th consecutive month in which Case-Shiller reported an increase in home values and the third straight month of outstanding results.
Author Archives: Kevin Sandridge
Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week
Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.
Florida Mortgage Update for the Week of August 30, 2010
When Chairman Bernanke talks, markets listen. His comments about the U.S. economy helped fuel a late-Friday surge in mortgage rates last week.
Home Affordability Rankings For 225 Metropolitan Statistical Areas
With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.
New Home Sales Drop In July — Just Like Existing Home Sales
Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July’s rate of sales, the nation’s new home inventory would be exhausted in just about 9 months.
Bank Mortgage Lending Policies Appear To be Easing
According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.
How Much Should You Expect To Pay In Mortgage Closing Costs?
How much does a mortgage cost? The answer depends on where you live. But no matter which your locale, chances are strong that you’ll pay more for a mortgage in 2010 as compared to 2009.
Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010
Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.
What’s Ahead For Mortgage Rates This Week : August 9, 2010
This week, there’s a lot of data and news due for release, the most influential to markets of which is the Federal Open Market Committee’s scheduled policy meeting.
Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report
Analysts expect that a net 65,000 jobs were lost in July. Wall Street — and Main Street — have a big interest in those results.
Friday’s July Jobs Report Could Spur Mortgage Rates Higher
