Joe Gonzalez at CrossCountry Mortgage, Inc.

Existing Home Sales Leap To 2-Year High

Posted on September 25, 2012 by joeglez

According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.

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What’s Ahead For Mortgage Rates This Week : September 24, 2012

Posted on September 24, 2012 by joeglez

Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.

30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low

Posted on September 21, 2012 by joeglez

For the first time in 9 weeks, mortgage rates have made new lows.

Housing Starts Move To 2-Year High

Posted on September 20, 2012 by joeglez

Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.

Homebuilder Confidence Rises Again; Tops 40

Posted on September 19, 2012 by joeglez

As reported by the National Association of Home Builders, the Housing Market Index, a measure of builder confidence, rose to a reading of 40 in September — its highest mark since June 2006.

Foreclosures Remain Concentrated In Just A Few States

Posted on September 18, 2012 by joeglez

According to foreclosure data firm RealtyTrac, foreclosure activity increased 1 percent in August as compared to the month prior, climbing to just above 193,500 units nationwide.

What’s Ahead For Mortgage Rates This Week : September 17, 2012

Posted on September 17, 2012 by joeglez

Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus.

Simple Explanation Of The Federal Reserve Statement (September 13 , 2012)

Posted on September 13, 2012 by joeglez

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Thursday, while adding new market stimulus.

FOMC Expected To Announce New Stimulus Today

Posted on September 13, 2012 by joeglez

The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.

Improving Market Index Climbs To 99

Posted on September 12, 2012 by joeglez

The number of U.S. housing markets showing “measurable and sustained growth” has increased by 19 this month, according to the National Association of Homebuilders’ Improving Market Index.