Mortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction.
Archive for October, 2011
What’s Ahead For Mortgage Rates This Week : October 31, 2011
Posted: October 31, 2011 in Mortgage RatesTags: FOMC, Greece, Non-Farm Payrolls
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Pending Home Sales Index Slips For 4th Straight Month
Posted: October 28, 2011 in Housing AnalysisTags: Existing Home Sales, NAR, Pending Home Sales
Nationwide, fewer homes are going under contract to sell.
New Home Inventory Keeps Sinking
Posted: October 27, 2011 in Housing AnalysisTags: Census Bureau, New Home Sales, New Home Supply
Home builders continue to sell homes and work through inventory.
Finding Truth In September’s Housing Starts Report
Posted: October 20, 2011 in Housing AnalysisTags: Building Permits, Census Bureau, Housing Starts
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: October 19, 2011 in Housing AnalysisTags: HMI, Housing Market Index, National Association of Homebuilders
Homebuilder confidence is rebounding sharply.
Foreclosure Rate Drops For The 12th Straight Month
Posted: October 18, 2011 in Housing AnalysisTags: Foreclosure, RealtyTrac, REO
Foreclosure activity continues to slow throughout the United States.
What’s Ahead For Mortgage Rates This Week : October 16, 2011
Posted: October 17, 2011 in Mortgage RatesTags: Fed Minutes, Greece, Retail Sales
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 Comprise
Posted: October 14, 2011 in Federal ReserveTags: Ben Bernanke, FOMC, QE3
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: October 13, 2011 in The EconomyTags: Census Bureau, Consumer Spending, Retail Sales
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: October 12, 2011 in Mortgage RatesTags: Eurozone, Greece, Non-Farm Payrolls
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.
