Monthly Archives: October 2012

Mortgage Rates for the week of: October 29, 2012

Mortgage markets ended the week slightly better last week. Wall Street took its cues from U.S. economic data, from developments in Europe, and from the Federal Reserve, moving mortgage rates lower in Idaho and nationwide. Pricing for both conforming and FHA mortgage rates improved between Monday and Friday, with the majority of gains occurring late […]

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Mortgage Rates for the week of: October 22, 2012

Mortgage markets worsened last week as hope for a European economic rebound and stronger-than-expected U.S. economic data moved investors out of mortgage-backed bonds. Mortgage rates all of types — conventional, FHA and VA — lost ground last week, harming home affordability in Boise and reducing purchasing power nationwide. Rising rates also thwarted would-be refinancing households […]

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Buyers Win 6.6 Percent Increase In Purchasing Power

Mortgage rates in Idaho continue to troll near all-time lows, boosting the purchasing power of home buyers statewide. According to Freddie Mac’s most recent Primary Mortgage Market survey, the average 30-year fixed rate mortgage is now 3.39 percent nationwide, just three ticks off an all-time low. At the start of last quarter, 30-year fixed rate […]

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Home Builder Confidence Moves To 6-Year High

As home prices rise, so does home builder confidence. The National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 – a span of 77 months. The Housing Market Index is a homebuilder confidence indicator. When it reads 50 […]

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Single-Family Housing Starts Rise To 4-Year High

The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years. A “housing start” is a home on which construction has started and home […]

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Mortgage Rates for the week of: October 15, 2012

Mortgage markets improved slightly last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East. U.S. mortgage rates fell slightly in the holiday-shortened week. The combination of civil protests, economic slowdowns, and growing political tensions caused investors to dump risky […]

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Mortgage Rates for the week of: October 8, 2012

Mortgage markets worsened last week for the first time in a month as the U.S. economy showed signs of improvement, and the Eurozone stepped closer to launching its $500 billion euro rescue fund. Conforming mortgage rates in Idaho rose last week on the whole — even though Freddie Mac’s Primary Mortgage Market Survey proclaimed that […]

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Home Price Index Shows Values Rising 3.7% From One Year Ago

The Federal Home Finance Agency’s Home Price Index (HPI) showed home values rising 0.2% on a seasonally-adjusted basis between June and July 2012, and moving +3.7% on an annual basis. Home values have not dropped month-to-month since January of this year — a span of 6 months. For today’s home buyers and sellers throughout Boise it’s […]

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New Home Supply Remains Firmly In “Seller’s Market” Territory

The market for new construction homes remains strong nationwide. According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold — just 1,000 units less than July 2012 and the second-highest reading since April 2010. April 2010 was the last month […]

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Home Price Index Shows Values Rising 3.7% From One Year Ago

Tuesday, the Federal Home Finance Agency’s Home Price Index (HPI) showed home values rising 0.2% on a seasonally-adjusted basis between June and July 2012, and moving +3.7% on an annual basis. Home values have not dropped month-to-month since January of this year — a span of 6 months. For today’s home buyers and sellers throughout […]

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