As reported by the National Association of REALTORS®, the number of Existing Home Sales dipped last month, ending the metric’s 5-month winning streak. Newspaper headlines today are overwhelmingly negative on housing. You’d almost believe this year’s housing recovery had ended. That’s hardly...

In what’s becoming a regular occurrence, housing data blew away economists expectations Tuesday. As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 6th consecutive monthly gain in July. After a meteoric rise that started in January, the index is now at its...

Mortgage Rates increased April 17, for a second day as MBS posted another day of losses.  Week over week rates are posted a 10bp improvement.  Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates. Feel Free to contact Your Mortgage Planner...

(Image courtesy: The Wall Street Journal Online) Home prices are largely based on Supply and Demand. * If demand outweighs supply, home prices rise * If supply outweighs demand, home prices fall It’s good news for home sellers, therefore, that “used” homes for sale fell 6 percent nationally...