Neil Coleman Mortgage Matters

Last week’s economic news included readings on February construction spending and multiple reports on employment data. Private sector employment was higher in March, but The Bureau of Labor Statistics reported that Non-Farm Payrolls for March fell short of expectations. According to Freddie Mac, ...

Though it can be an entirely different story for a trend shift in the opposite direction, which then requires you to get out the soaking bucket and scraping tool, wallpaper coming back into style is a home décor blessing for many. Wallpaper is back in – in a big way! – and it’s making your dreams...

The economy seems to be finally turning, and home loan interest rates are still historically low. Real estate values are starting to climb as well, all of which makes for a growing opportunity for new homeowners to get into the market before it gets too expensive again. Millennials Don’t Seem To ...

CLOSING TECHNICAL SIGNAL: We will recommend floating into the weekend. MARKET WRAP: A not too hot, not too cold March Jobs Report sent Stocks higher at the open, but closed lower while Bonds drifted higher throughout the session. Employers added 192K jobs last month, just below the 195K expected,...

The employment picture got a little clearer Friday after the Labor Department reported that there were 192,000 new jobs created in March, which was just below the 195,000 that was expected. The harsh winter weather kept job creations low in December, January and early February averaging 144,000 p...

The job markets improved in March after dismal job creations in December, January and early February. ADP reported that private employers added 191,000 jobs in March, which was below the 215,000 expected and up from the 178,000 created in February. ADP said that businesses with more than 1,000 em...

As the federal reserve continues to taper quantitative easing measures, financial experts project mortgage interest rates will climb in the next two years. Could this be the much awaited ray of light at the end of the proverbial tunnel for builders and investors or will it drive hesitant home buy...

Home prices continue to rise, due in part to a tight supply of available homes for sale. CoreLogic, a real estate data provider, reported that home prices, including distressed sales, rose by 12.2% from February 2013 to February 2014. This represents 24 consecutive months of year-over-year increa...

Fed Chair Janet Yellen said Monday that the recent recovery in the U.S. economy still feels like a recession to many Americans, which is reason for the Federal Reserve to keep its "extraordinary" stimulus program intact for some time to come. Ms. Yellen went on to say that the number of people wh...

Last week’s economic news includes several reports about housing markets. New Home Sales and Pending Home sales reports suggest that the national housing market continues to grow, but at lower rates. Regional readings varied and suggested that winter weather was a negative influence on affected m...