Battered Housing Market Is Recovering

On February 24, 2010 By

The Case-Shiller Index was released on Tuesday. It revealed only a 2.5% drop in home values, significantly better than the 8.7% drop reported after 2009 Q3.

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This Week’s FHA Mortgage Rate Predictions

On February 22, 2010 By

The FHA interest rate was under heavy selling pressure all week and lost ground for the second week in a row. The primary causes were inflation figures that came in higher than expected and then two pieces of news from the Federal Reserve.

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FHA Loan Rates Jump On Fed Minutes

On February 18, 2010 By

The FHA interest rate is now at its highest level of the year.

Yesterday’s release of the Federal Reserve Minutes from the January meeting sent mortgage rates higher.

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The Best And Worst Cities For Commuters (2010 Edition)

On February 17, 2010 By

According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family.

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FHA Interest Rate Predictions – Feb. 16, 2010 Edition

On February 16, 2010 By

FHA interest rates ticked higher last week, although they didn’t jump as much as they could have. It was the first time in five weeks that rates ticked higher.

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Mortgage Approvals Are Getting More And More Scarce

On February 9, 2010 By

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.

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2010 FHA Mortgage Rate Predictions? Try Guesses.

On February 8, 2010 By

Of last week’s domestic news, they were all things that cause rates to go up. Yet, the FHA interest rate dipped for a 4th consecutive week.

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FHA Interest Rates Rally Back

On February 5, 2010 By

Just a quick mid-day update: Since opening significantly lower after the jobs report, mortgage bonds have rallied. The FHA loan rates have recovered all of the losses from opening bell and are now up 18 basis points.

We are now overbought according to every technical signal so the market could move quickly if it reverses. [...]

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FHA Loan Rate Recovers

On February 5, 2010 By

Expectations were for job creation of about 15k. We lost 20k jobs on the month. On this negative economic news, the FHA interest rate should have normally improved, but nothing is normal these days.

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FHA Interest Rates Drop Today

On February 4, 2010 By

Our mortgage rate predictions aren’t looking so good this week.  We really thought that yesterday’s ADP report and tomorrow’s Non-Farm Payrolls account would be the market movers.  They weren’t.  Global fear turned out to be the main story, so far, this week.

Investors have pulled out of the stock market with the Dow now below [...]

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