As the new year begins, there are no shortage of stories telling us what to expect in 2012. [...]
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Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes. [...] Today’s debt ceiling agreement will be a major force in mortgage markets and home affordability. Are you prepared for it? [...] Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency. [...] Wall Street continued its flight-to-quality last week. Mortgage-backed bonds are now at their best levels since early-February. Mortgage rates have improved 4 straight weeks. [...] Beginning April 1, 2011, Fannie Mae is increasing its loan-level pricing adjustments. Conforming mortgage applicants should plan for higher loan costs in the months ahead. [...] Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly. [...] If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high. [...] According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher. [...] |
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