Monthly Archives: July 2011

Mortgage Rates for the week of: July 25, 2011

Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone contagion, along with a built-in, 37 billion euro […]

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Home Prices Rise For The 2nd Straight Month

A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May. It’s the HPI’s second straight increase, and puts the monthly index at its highest point since January 2011. As a home seller in […]

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Housing Starts Surge 9 Percent; Signal A Strong Fall Season

Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June — a 9 percent spike from the month prior and the highest reading in 3 seasons. A “Housing Start” is defined as a home breaking ground on new construction. June’s reading is […]

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Mortgage Rates for the Week of: July 18, 2011

Sorry this post is a little late this week…..I was spending some time with my family in beautiful Stanley, Idaho and promised to leave my computer at home . Mortgage markets worsened last week as concerns for the global economy drove new rounds of “safe haven” buying. Fear continues to dominate mortgage bond market movement […]

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More Renters Than Ever Aspire to Home Ownership

More Renters Than Ever Aspire to Home Ownership. Seven in 10 renters believe owning a home is a priority for their future. This is according to the 2011 National Housing Pulse Survey recently released by the National Association of Realtors®, which said more renters than ever (72 percent) aspire to home ownership, up from 63 […]

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Mortgage Rates for the week of: July 11, 2011

Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week’s two big stories were the same two stories roiling mortgage markets since March — Greece and Jobs. In both instances, rate shoppers won. Conforming mortgage rates in Idaho improved for the first time in 3 weeks last week. Early in the […]

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Mortgage Rates for the Week of: July 4, 2011

Mortgage markets worsened last week as Wall Street’s renewed optimism pushed equities to their best one-week gain in 2 years. The change in sentiment was bad news for rate shoppers, however, as investors pored into stocks at the expense of bonds. Last week, for the first time since February, mortgage rates rose 5 days in […]

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Pending Homes Sales Spike in May

The summer housing market is heating up. According to data from the National Association of REALTORS®, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May. Wall Street calls were for an increase of just 0.5 percent. It was a surprise result that, coupled with the recent stronger-than-expected […]

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