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Lock An Instant 13% Savings On Your Monthly Mortgage Payment

Posted on February 7, 2012 by joeglez

You could save 13% on your mortgage as compared to one year ago.

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Posted in Mortgage Rates | Tags: 30-Year Fixed Rate Mortgage, Freddie Mac, Refinance |

What’s Ahead For Mortgage Rates This Week : February 6, 2012

Posted on February 6, 2012 by joeglez

Mortgage markets worsened last week as domestic job growth surprised Wall Street and the Eurozone moved yet one more step closer to reaching a lasting Greece sovereign debt solution.

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Posted in Mortgage Rates | Tags: Eurozone, Non-Farm Payrolls, Unemployment Rate |

Banks Start To Loosen Up In Underwriting

Posted on February 3, 2012 by joeglez

After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.

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Posted in Mortgage Guidelines | Tags: Federal Reserve, FICO, Senior Loan Officer |

Home Affordability Threatened By Friday’s Jobs Report

Posted on February 2, 2012 by joeglez

It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.

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Posted in The Economy | Tags: Jobs Report, Non-Farm Payrolls, Unemployment Rate |

Case-Shiller Index Says Detroit And Washington DC Lead The Market

Posted on February 1, 2012 by joeglez

According to the Case-Shiller Index, home values fell in 19 of 20 tracked markets in November 2011.

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Posted in Housing Analysis | Tags: Case-Shiller Index, Condominiums, Home Values |

Supply Of New Homes At 6.1 Months Nationwide

Posted on January 31, 2012 by joeglez

According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.

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

What’s Ahead For Mortgage Rates This Week : January 30, 2012

Posted on January 30, 2012 by joeglez

Conforming mortgage rates rallied from Wednesday through Friday’s close, ending the week near all-time lows set earlier this year.

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Posted in Mortgage Rates | Tags: Eurozone, FOMC, Non-Farm Payrolls |

Pending Home Sales Index Posts Second Best Month Since April 2010

Posted on January 27, 2012 by joeglez

The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.

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Posted in Housing Analysis | Tags: NAR, Pending Home Sales Index, PHSI |

A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

Posted on January 25, 2012 by joeglez

Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

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Posted in Federal Reserve | Tags: Ben Bernanke, Fed Funds Rate, FOMC |

The Federal Reserve Meets Today : Mortgage Rates Expected To Move

Posted on January 25, 2012 by joeglez

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year.

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Posted in Federal Reserve | Tags: 30-Year Fixed, Fed Funds Rate, FOMC |

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