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Existing Home Supply Down 40% In Last 6 Months
Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
Cost of Living Reaches An All-Time High, Pressures Mortgage Rates Higher
Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.
What’s Ahead For Mortgage Rates This Week : February 22, 2011
For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis.
Fed Minutes Show Lower Unemployment And Higher Growth For 2011 and 2012
The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.
Single-Family Housing Starts Fell In January, Despite What The Headlines May Have Told You
Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it’s lowest reading almost 2 years. The headlines would have you believe otherwise.
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