Today’s FHA Interest Rates v. November’s

On February 25, 2011 By

FHA interest rates don’t exactly follow the Freddie Mac PMMS results, but they’re close enough that we can use them for comparison.

Yesterday’s survey had the 30 Year Fixed at 4.95% and had it at 4.30% back in November.

If you look at that on a normal FHA loan, 3.5% down, the payment difference is fairly signficant [...]

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Existing Home Supply Down 40% In Last 6 Months

On February 24, 2011 By

Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.

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Cost of Living Reaches An All-Time High, Pressures Mortgage Rates Higher

On February 23, 2011 By

Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.

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What’s Ahead For Mortgage Rates This Week : February 22, 2011

On February 22, 2011 By

For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis.

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Fed Minutes Show Lower Unemployment And Higher Growth For 2011 and 2012

On February 18, 2011 By

The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.

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Home Builders Report Higher Sales Levels In January

On February 16, 2011 By

Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.

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Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen

On February 15, 2011 By

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.

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What’s Ahead For Mortgage Rates This Week : February 14, 2011

On February 14, 2011 By

According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.

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Mortgage Rates Return To April 2010 Levels

On February 11, 2011 By

As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.

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Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States

On February 10, 2011 By

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.

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