Monthly Archives: June 2012

Mortage Rates for the week of: June 25, 2012

Mortgage markets worsened last week as Greece tentatively formed a government and the Federal Reserve extended its Operation Twist program by $267 billion. Neither event, however, removed the uncertainty surrounding global markets. First, Greece must still adhere to stringent austerity measures in order to meet the terms of its IMF bailout. Its new government, however, […]

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Mortgage Rates for the week of: June 18, 2012

Mortgage markets improved last week, moving mortgage rates in Idaho back on a downward trajectory. Wall Street investors bid down mortgage bond yields on weaker-than-expected economic data from the U.S. and concern for events within the Eurozone. Freddie Mac reports the average 30-year fixed rate mortgage rate at 3.71% for borrowers willing to pay 0.7 […]

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Mortgage Rates for the week of: June 11, 2012

Mortgage markets worsened last week, halting a multi-week mortgage rate winning streak in Idaho and nationwide. With little economic news on which to trade, investors took their cues from the world’s central banks. Fed Chairman Ben Bernanke neither dismissed nor promised new market stimulus in the near future, nor did leaders in the Eurozone. China, […]

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Mortgage Rates for the week of: June 4, 2012

Mortgage markets improved last week in response to ongoing concerns for the European Union and an across-the-board weakening in U.S. economic data — including the much-watched jobs report. Conforming mortgage rates in Idaho eased lower last week, falling to a new all-time low for 6th week in a row. The moves have been modest, however, […]

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Pending Home Sales Slip In May

The housing market took a breather in April. After forging past its benchmark value of 100 in March, April’s Pending Home Sales Index dropped back to 95.5, its lowest reading of the year. The data suggests fewer home resales throughout Idaho and nationwide in the months ahead. A “pending home” is a home under contract […]

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