Added by Michael Collins, SFR on May 2, 2012 at 11:30am — No Comments
What is WHEDA and how can it Help ME?
The American Dream usually consists of a few major items for the majority of people; a satisfactory, well-paying job, dependable…Continue
Added by Michael Collins, SFR on May 1, 2012 at 9:30am — No Comments
Article by: National Association of REALTORS®; Daily Real Estate News, Thursday, April 26, 2012
MARCH PENDING HOME SALES RISE, MARKET RECOVERING
Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an…Continue
Added by Kenneth Bargers on April 26, 2012 at 9:08pm — No Comments
Business and Life is Good: Greater Nashville Area!
The Greater Nashville area continues to be a national leader for relocation of businesses and home buyers. The consistent success of our reputation is credited to the joint efforts of our business, community, government and neighborhood leaders.
Janet Miller, Chief Economic Officer, with the Nashville Area Chamber of Commerce has kindly submitted her observations of Business is Good: Nashville Leads…Continue
Added by Kenneth Bargers on April 1, 2012 at 9:59am — No Comments
Article by: Daily Real Estate News (March 23, 2012)
30-Year Mortgage Rates Edge Above 4%
Mortgage rates moved up quite a bit this week, following higher bond yields and improving economic data, Freddie Mac reports in its weekly mortgage market survey.
“Mortgage rates are catching up with increases in U.S. Treasury bond yields, placing the average 30-year fixed mortgage rate above 4 percent for the first time since the end of October 2011,” says…Continue
Added by Kenneth Bargers on March 24, 2012 at 10:25am — No Comments
Article by: Daily Real Estate News; March 16, 2012
30-Year Rates Stay Below 4%, Affordability High
Mortgage rates are staying low by historical standards, despite inching slightly higher this week following a positive job report and increasing bond yields, Freddie Mac reports in its weekly mortgage market survey.
“An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week, and mortgage rates followed,”…Continue
Added by Kenneth Bargers on March 16, 2012 at 8:50pm — No Comments
Home Prices in Wisconsin are Stabilizing
Amidst the turmoil and problems of the year, there was some good news about Wisconsin home values in the year…Continue
Added by Michael Collins, SFR on February 28, 2012 at 10:04am — No Comments
New-home construction and building permits — a future gauge of construction — surged last month, slowly helping to pull the new-home market out of one of its worst years for home building.
Builders broke ground on more homes in November, a 9.3 percent increase over October, reaching the highest level since April 2010, the Commerce Department reported Tuesday. Year-over-year, new-home starts were up 24.3 percent in November.
Home construction increased to a seasonally adjusted…Continue
Added by Kenneth Bargers on December 20, 2011 at 4:50pm — No Comments
MARKET COMMENT Mortgage bond prices ended slightly higher last week, which pushed mortgage interest rates lower. Stocks were stronger as the DOW surged higher by 291 points Monday and 490 points Wednesday. The Fed stepped in to help the EU deal with their debt crisis through some liquidity moves along with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank. The moves generally helped equities across the globe.…Continue
Added by Kenneth Bargers on December 5, 2011 at 10:43am — No Comments
MARKET COMMENT Mortgage bond prices ended slightly lower last week, which pushed mortgage interest rates higher. Weak stocks and continued Euro debt concerns helped rates improve early in the week. The data generally helped rates as well. Q3 GDP disappointed with 2% increase compared to the expected 2.5% mark. The Treasury auctions had strong demand and also helped the overall bond market. The shortened and thin trading conditions fortunately did not result in any extreme…Continue
Added by Kenneth Bargers on November 28, 2011 at 1:30pm — No Comments
MARKET COMMENT Mortgage bond prices ended lower last week, which pushed mortgage interest rates slightly higher. The producer price index and core rate both came in lower than expected and helped rates improve earlier in the week. Unfortunately, retail sales beat expectations which countered the PPI data. Poor auctions in France and Spain fanned the Euro debt concerns which helped rates a bit. However, housing starts showed a surprise increase and weekly jobless claims were…Continue
Added by Kenneth Bargers on November 21, 2011 at 10:04am — No Comments
MARKET COMMENT Mortgage bond prices ended lower last week, which pushed mortgage interest rates slightly higher. The early portion of the week was relatively tame compared to recent trading conditions. Most of the weakness came Thursday following stronger than expected weekly employment figures. Weekly jobless claims came in at 390k, better than the expected 400k mark and generally not bond friendly. Continuing claims came in at 3,615k, which also beat estimates. The…Continue
Added by Kenneth Bargers on November 14, 2011 at 9:54am — No Comments
MARKET COMMENT Mortgage bond prices ended higher last week, which pushed mortgage interest rates lower. The financial markets remained extremely volatile. Most of the rate improvements came early in the week following Japan’s intervention to weaken the yen and Greek Prime Minister Papandreou’s indication that budget cuts would be put to a public vote. Unfortunately some of those rate improvements were erased when Papandreou retreated on the vote and the European Central Bank…Continue
Added by Kenneth Bargers on November 7, 2011 at 2:09pm — No Comments
MARKET COMMENT Mortgage bond prices ended last week lower, which pushed mortgage interest rates considerably higher. Stock strength Thursday along with advancements in the Eurozone battle to shore the debt crisis resulted in a terrible week for mortgage interest rates. Stocks remained volatile with 100 plus point swings from day to day but a strong 340-point surge in the DOW Thursday resulted in rate increases of 3/4 of a discount point on that day alone. Mortgage interest…Continue
Added by Kenneth Bargers on October 31, 2011 at 9:07am — No Comments
MARKET COMMENT Mortgage bond prices ended last week near unchanged, which kept mortgage interest rates relatively in check. Trading was choppy with some rate improvements Tuesday, which unfortunately were erased Wednesday and Thursday. Stock strength made it difficult for mortgage bonds to gain any traction. Higher than expected producer price, housing starts, and Philadelphia Fed data also made it difficult for rates to improve.
The employment cost index and PCE core…Continue
Added by Kenneth Bargers on October 24, 2011 at 9:58am — No Comments
MARKET COMMENT Mortgage bond prices fell last week, which pushed mortgage interest rates higher. The roller coaster ride of investor funds entering and exiting the stock and bond markets continues as economic uncertainty dominates trading. The losses continued as foreign demand for US debt instruments waned. Stocks were volatile but generally saw improvements on the week. Retail sales rose a stronger than expected 1.1%.
Mortgage bonds ended the week worse by about…Continue
Added by Kenneth Bargers on October 17, 2011 at 9:57am — No Comments
MARKET COMMENT Mortgage bond prices fell last week, which pushed mortgage interest rates considerably higher. There was a strong sell-off following the stronger than expected ADP employment figures. The losses continued as the weekly jobs data Thursday and the payrolls component of the employment report Friday both came in stronger than expected. Stocks were volatile but generally saw improvements on the week. Mortgage bonds ended the week worse by over a full discount…Continue
Added by Kenneth Bargers on October 10, 2011 at 10:21am — No Comments
MARKET COMMENT Mortgage bond prices fell last week, which pushed mortgage interest rates higher. There was a strong sell-off throughout the beginning of the week following the prior week’s run up in prices. European authorities efforts to construct a new rescue framework dominated the news and resulted in a reversal of the flight to quality buying of US debt instruments. Stocks were extremely volatile throughout the week but surged higher at times, which didn’t help…Continue
Added by Kenneth Bargers on October 3, 2011 at 2:28pm — No Comments
Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of REALTORS®. Monthly gains were seen in all regions.
Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million…Continue
Added by Kenneth Bargers on September 21, 2011 at 3:17pm — No Comments
MARKET COMMENT Mortgage bond prices fell last week, which pushed mortgage interest rates higher. Rates started off on a bad note Monday as stocks surged higher. This negative movement continued throughout midweek as durable goods orders rose 4%, considerably stronger than the expected 1.9% increase. Stocks took a roller coaster ride and fell a bit Thursday morning, which helped support mortgage rates. Rates rebounded slightly Friday morning as Q2 GDP came in lower than…Continue
Added by Kenneth Bargers on August 29, 2011 at 8:42am — No Comments