Monthly Archives: November 2011

Mortgage Rates for the week of: November 28, 2011

Mortgage markets worsened slightly last week through a bouncy, holiday-shortened trading week. Markets were closed Thursday for Thanksgiving and re-opened only briefly Friday. As in past weeks, though, economic, political, and financial news from the Eurozone dictated the direction of U.S. mortgage-backed bonds. As Greece — and now Italy — have faltered, investors have sought […]

Posted in Mortgage Interest Rates | Tagged , , , , | Leave a comment

Mortgage Rates for the week of: November 21, 2011

Mortgage markets went unchanged last week as Wall Street traded on new debt stress within the Eurozone, and stronger-than-expected economic data here at home. Rates moved very little from Monday to Friday and the storyline’s not expected to change much this week for today’s rate shoppers. According to Freddie Mac, conforming 30-year fixed rate mortgages […]

Posted in Mortgage Interest Rates | Tagged , , , , | Leave a comment

Why Home Prices Won’t Bottom Out

Watching the U.S. home market struggle to rebound is like listening to children in the back of a car. No, we’re not there yet. The National Association of Realtors reported that ten real estate markets are “leading the nation toward a general recovery and stability of the housing sector,” but myriad problems are going to […]

Posted in Existing Home Sales | Tagged , , | Leave a comment

Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity

Foreclosed homes are a hot market throughout Idaho — and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. A “foreclosure filing” is any one of the following foreclosure-related events : A default notice on a home; a scheduled auction for a home; or, a […]

Posted in Existing Home Sales | Tagged , , | Leave a comment

Mortgage Rates for the week of: November 14, 2011

Amid a dearth of new U.S. economic data, Eurozone developments led mortgage markets down in last week’s holiday-shortened trading week. Mortgage rates across Idaho worsened slightly, increasing week-over-week for the first time in a month. Freddie Mac reports the average 30-year fixed rate mortgage at 3.99% with an accompanying 0.7 discount points. Discount points are loan […]

Posted in Mortgage Interest Rates | Tagged , , , , | Leave a comment

Happy Veterans Day

This is not going to be a lengthy post….just a great big thank you to all the Veterans who help make this country so great. May God Bless You and the United States of America.

Posted in Uncategorized | 1 Comment

Mortgage Rates for the week of: November 7, 2011

Mortgage markets improved last week as optimism for a Greek Bailout program faded, triggering a global flight-to-quality assets. Fear of a Eurozone rift outweighed positive economic remarks from the Federal Open Market Committee and an in-line U.S. jobs report. Although the Federal Reserve said the economy had “strengthened somewhat”, a statement backed up by Friday’s […]

Posted in Mortgage Interest Rates | Tagged , , , , | Leave a comment