Tag Archives: Economy

Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford

When taking on a new mortgage, it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain. Your mortgage budget can be calculated to determine just how much you should spend on […]

Posted in FAQs, Mortgage Interest Rates | Also tagged , , | Leave a comment

RealtyTrac Foreclosure Report Shows 28% Decrease From May 2012

Foreclosure actions increased by 2.0 percent in May from April’s 75 month low point for foreclosure activity according to RealtyTrac’s U.S. Foreclosure Market Report released June 11. However, the good news is that May 2013 foreclosure filings were still 28 percent below May 2012 filings. RealtyTrac reports that approximately one in 885 homes were in […]

Posted in General Information | Also tagged , , , | Leave a comment

Homebuilder Confidence Rises To 5-Year High

Home builder confidence rises again. For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 — an increase of more than 100% from one year ago and the highest HMI value since February 2007. The Housing Market Index is an indicator of homebuilder confidence and when it reads 50 […]

Posted in General Information, Home Price Index, New Construction | Also tagged , , , , | Leave a comment

Mortgage Rates for the week of: August 20, 2012

Mortgage markets worsened for the third straight week last week as the U.S. economy showed new signs of expansion, and as little new news came from Europe. August has been a rough month for rate shoppers. Since the start of the month, mortgage rates in Boise have climbed steadily and are now at a 7-week […]

Posted in Mortgage Interest Rates | Also tagged , , | Leave a comment

Mortgage Rates for the week of: August 13, 2012

Mortgage markets worsened last week as the investors moved back into risk-taking mode. Better-than-expected economic data in the U.S. plus a general feeling that the ongoing Eurozone issues will be soon be resolved (or lessened) contributed to a second straight week of rising mortgage rates. One such data point was the weekly Initial Jobless Claims […]

Posted in Mortgage Interest Rates | Also tagged , , , | Leave a comment

Foreclosures Fall To 5-Year Low

Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month — the fewest number since July 2007. Rapidly-declining foreclosure figures are another signal that the U.S. housing […]

Posted in General Information | Also tagged , , , , , | Leave a comment

Mortgage Rates for the week of: May 29, 2012

Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Boise, Idaho worsened slightly on the news, climbing for the first time in two weeks. The change was a small one, however, and […]

Posted in Mortgage Interest Rates | Also tagged , , , | Leave a comment

Existing Home Sales Climb 3.4 Percent In April

Low mortgage rates are helping to make homes more affordable. It appears home buyers have taken notice. According to the National Association of REALTORS®, Existing Home Sales rose 3.4% in April from the month prior, registering 4.62 million homes sold on a seasonally-adjusted, annualized basis. An “existing home” is a home that’s been previously occupied. […]

Posted in Existing Home Sales, New Construction | Also tagged , , , | Leave a comment

Mortgage Rates for the week of May 21, 2012

Mortgage bonds improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. According to Freddie Mac’s mortgage rate survey, conforming 30-year fixed rate mortgage rates slipped to 3.79%, on average, last week for […]

Posted in Mortgage Interest Rates | Also tagged , , | Leave a comment

The Market Is Improving

The economic recovery continues nationwide, but the recovery’s an uneven one. Some metropolitan areas are faring very well this year, posting measurable gains in both employment and housing. Other metropolitan areas, by contrast, are struggling. To help identify those markets in which growth is occurring, the National Association of Homebuilders created the Improving Market Index, […]

Posted in General Information | Tagged | Leave a comment