Monthly Archives: September 2011

Despite Low Rates, Pending Home Sales Slip in August

Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in August. The Pending Home Sales Index measures homes under contract, but not yet sold, nationwide. In this […]

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New Home Sales Figures Better Than Reported

According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month. August marked the lowest new home sales tally since February. News outlets are jumping on the story, with […]

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Mortgage Rates for the week of: September 26, 2011

Mortgage markets improved last week as the Federal Reserve provided new market stimulus and the Eurozone continued to grapple with Greek’s sovereign debt issues. Conforming mortgage rates fell in Idaho last week overall, dropping for the second straight week. For rate shoppers, the best day on which to lock a mortgage rate last week proved […]

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Mortgage Rates for the week of: September 19, 2011

Mortgage bonds worsened last week as Eurozone default fears eased abroad, and expectations for a domestic stimulus increased. Mortgage rates rose for the first time in three weeks last week, pushing conforming and FHA mortgage rates in Idaho off their all-time, historical lows. Rates were at their lowest Tuesday morning, then rose through Friday’s afternoon […]

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Mortgage Rates for the week of: September 12, 2011

Mortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row. The storylines should sound familiar by now. They are the same ones that have dictated the path of mortgage rates since April 2011. […]

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Mortgage Rates Fall As Job Tally Fades

The U.S. economy is no longer adding new jobs. Last Friday, in its monthly Non-Farm Payrolls report, the Bureau of Labor Statistics reported that the U.S. economy added exactly zero new jobs in August as the national Unemployment Rate held steady at 9.1 percent. Despite the “zero” reading, the jobs figures were in the red. […]

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Mortgage Rates for the week of: September 5, 2011

Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming. Overall, conforming mortgage rates improved for the first time in 3 weeks. On a product-by-product basis, though, mortgage rates are faring […]

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