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FHFA : Home Values Up 3% Since Last Year

Posted on June 29, 2012 by joeglez

The Federal Home Finance Agency’s Home Price Index shows home values up 0.8% in April on a monthly, seasonally-adjusted basis.

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Posted in Housing Analysis | Tags: FHFA, Home Price Index, HPI |

Simple Real Estate Definitions : Right To Cancel

Posted on June 28, 2012 by joeglez

Refinancing homeowners are granted a 3-day “cooling off” period.

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Posted in Real Estate Definitions | Tags: Refinance, Rescission, Truth-in-Lending |

New Home Sales Rise To 2-Year High

Posted on June 27, 2012 by joeglez

As reported by the Census Bureau, 369,000 new homes were sold last month on a seasonally-adjusted, annualized basis.

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Posted in Housing Analysis | Tags: Census Bureau, New Home Sales, New Home Supply |

Existing Home Sales Slip 2% In May

Posted on June 26, 2012 by joeglez

Home resales slipped last month; a slight setback for the housing market’s recovery.

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Posted in Housing Analysis | Tags: Existing Home Sales, Existing Home Supply, NAR |

What’s Ahead For Mortgage Rates This Week : June 25, 2012

Posted on June 25, 2012 by joeglez

Mortgage rates rose slightly last week on Fed-led stimulus and events in Greece.

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Posted in Mortgage Rates | Tags: FOMC, Greece, IMF |

Mortgage Rates Make New Lows At 3.66%

Posted on June 22, 2012 by joeglez

The national average 30-year fixed rate mortgage rate fell 5 basis points to 3.66% this week.

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Posted in Mortgage Rates | Tags: Discount Points, Freddie Mac, PMMS |

A Simple Explanation Of The Federal Reserve Statement (June 20, 2012)

Posted on June 20, 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 Wednesday.

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Posted in Federal Reserve | Tags: Fed Funds Rate, FOMC, Mortgage Rates |

Housing Starts Up 26% In Last 12 Months

Posted on June 20, 2012 by joeglez

Sometimes, the housing data headlines tell just half the tale. May’s Housing Starts figures are proving to be a terrific illustration.

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Posted in Housing Analysis | Tags: Building Permits, Census Bureau, Housing Starts |

Building Confidence Rises To 5-Year High

Posted on June 19, 2012 by joeglez

Home builders expect a strong second-half in the 2012 housing market.

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Posted in Housing Analysis | Tags: HMI, Home Values, NAHB |

What’s Ahead For Mortgage Rates This Week : June 18, 2012

Posted on June 18, 2012 by joeglez

Mortgage markets improved last week, sending mortgage rates lower.

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Posted in Mortgage Rates | Tags: European Union, FOMC, Greece |

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