RECENT BLOG POSTS
Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the number of homes that have "broken ground" nationwide. They're called "Housing ...
02/18/2011
  Mortgage lending appears to be loosening. That is, IF you're only looking at certain data. In its quarterly survey of member banks, the Federal Reserve asks senior loan officers around the country whether their "prime" residential mortgage guidelines had tightened within the last 3 months. A pr...
02/18/2011
Foreclosures in Tennessee are still a popular choice for homebuyers here locally as residents in Rutherford, Davidson, and Williamson county seek to find a 'hidden gem' in the sea of inventory available . However, foreclosure activity is slowing nationally. According to foreclosure-tracker Realt...
02/18/2011
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  Existing Home Sales surged 12 percent last month, closing 2010′s housing market with strength. An "existing home" is a home that cannot be categorized as new construction; a resale. According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures c...
02/18/2011
Mortgage rates are surging. Over the last 7 days, conventional, 30-year fixed rate mortgage rates have jumped 24 basis points, or 0.24%, according to Freddie Mac's weekly Primary Mortgage Market Survey. It's the largest 1-week spike in mortgage rates in recent history. The 30-year fixed rate mor...
02/18/2011
If your ARM is due to adjust this spring, your best move may be to allow it. Don't rush to refinance - your rate may be adjusting lower. It's because of how adjusted mortgage rates are calculated. First, let's look at the lifecycle of a conventional, adjustable rate mortgage: There's a "starter ...
02/18/2011
What’s Ahead For Mortgage Rates This Week : February 14, 2011 Author: Christina Livingston |  Monday, February 14th, 2011 Mortgage markets worsened terribly last week. Amid more reports of an improving economy and fears of pending inflation, mortgage rates skyrocketed to their highest levels sinc...
02/16/2011
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