Joe Gonzalez at CrossCountry Mortgage, Inc.

Despite 18% Contract Failure Rate, Home Resales Stay Strong

Posted on October 21, 2011 by joeglez

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September’s Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide.

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Finding Truth In September’s Housing Starts Report

Posted on October 20, 2011 by joeglez

Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis.

Homebuilder Confidence Rises on Surging Sales Volume, Foot Traffic

Posted on October 19, 2011 by joeglez

Homebuilder confidence is rebounding sharply.

Foreclosure Rate Drops For The 12th Straight Month

Posted on October 18, 2011 by joeglez

Foreclosure activity continues to slow throughout the United States.

What’s Ahead For Mortgage Rates This Week : October 17, 2011

Posted on October 17, 2011 by joeglez

Mortgage bonds suffered through another tough week last week as rising optimism that Eurozone leaders will “rescue” Greece plus stronger-than-expected economic data in the U.S. led bonds lower for the second straight week.

Fed Minutes : A Fed Divided Reaches Compromise

Posted on October 14, 2011 by joeglez

Wednesday, the Federal Reserve released the minutes from its 2-day September meeting. The release shows a divided Fed in disagreement about the current U.S. monetary policy.

Retail Sales Expected To Rise; Mortgage Rates Should Rise, Too

Posted on October 13, 2011 by joeglez

The American Consumer is alive and well, it seems. Retail Sales are up 14 months in a row.

What’s Ahead For Mortgage Rates This Week : October 11, 2011

Posted on October 12, 2011 by joeglez

Mortgage markets worsened last week as safe haven buying eased and demand for mortgage-backed bonds dropped. As in most weeks since March 2011, Greece and U.S. jobs dictated market direction.

Should I Refinance My Home?

Posted on October 11, 2011 by joeglez

With mortgage rates at all-time lows, you may be asking “Is now a good time to refinance?”. This short interview from NBC’s The Today Show offers good insight.

Freddie Mac : Mortgage Rates Sub-4 Percent

Posted on October 7, 2011 by joeglez

For the first time in more than 40 years, data from Freddie Mac’s weekly Primary Mortgage Market Survey shows the average 30-year fixed rate mortgage falling below 4 percent, dropping to 3.94 percent nationwide. It’s the lowest average 30-year fixed reading in the survey’s history.