Mortgage rates at their lowest level since beginning of May

Oct 2, 2015

Wednesday was yet another good day for mortgage rates. While most people would probably have expected the markets to be fairly volatile on the last day of the month, nothing really exciting happened and trading stayed remarkably smooth and positive. In fact, one would have to go back to the first...

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Annual price increase in housing market remains around 5 percent

Oct 1, 2015

According to the latest S&P/Case-Shiller Index, residential real estate prices in 20 of the biggest cities in the US increased by 5 percent during the year from July 2014 to July 2015, with the highest growth reported by San Francisco. The annual price growth has now hovered around 5 percent...

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Mortgage market offers one more opportunity to lock in low rates

Sep 30, 2015

Since the beginning of May 2015, there has not been much good news for the mortgage market. In fact, there were only a couple of days on which there were any significant improvements in rates. Fortunately, Monday was one of those days, although it would be hard to spot the difference by looking...

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South Florida housing market recovering strongly

Sep 29, 2015

According to mortgage firm Freddie Mac's latest data, the recovery in the South Florida residential real estate market continued in July 2015. The company's Multi-Indicator Market Index for the tri-county region of Miami-Dade, Palm Beach and Broward reached 87.3 in July. This is significantly...

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Surge in mortgage applications after Fed meeting

Sep 28, 2015

Mixed signals from the US real estate industry are becoming the norm these days. One day, there will be news about the increasing number of applications for building permits, and the next day’s news will paint an entirely different picture. Today brings good news from the mortgage front, where...

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August brings unexpected drop in existing home sales

Sep 25, 2015

August turned out to be a disappointing month for existing home sales in the US. According to data released by the National Association of Realtors on Monday, closings dropped by 4.8 percent to 5.31 million. Prices were up, but the number of homes for sale also dropped compared to the same time...

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Interaction between bond markets and oil prices fails to significantly move mortgage rates

Sep 24, 2015

Regular readers should be fairly well acquainted with the relationship between bond markets and mortgage rates by now. When there is insufficient demand in bond markets, prices will drop; when that happens, returns will increase, thereby pushing up interest rates - including mortgage rates. The...

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