After a huge and swift sell off in the mortgage bond market (click image to enlarge) since November 5th, 2010 that has led to an increases in interest rates, many in the mortgage business and real estate world are left scratching their heads (including myself). Both treasury and mortgage markets are overdue for some retracement (improvement in rates) as [...]
Everything has a season (I love Summer!) – including selling your house. Listing at the right moment could mean more money in your pocket. Traditionally, spring is the hottest season for real estate. Sales peak in April and May and stay strong in June and July. It’s a good season for families to move, between school terms [...]
Last Week; wasn’t a good one for the economic bulls, and particularly those that think the housing markets are making a turn. Jan existing home sales were expected to have increased about 1.0%, they tanked to a decline of 7.7% with the inventory of unsold homes increasing to 7.8 month from 7.2 months in Dec. New [...]
Last Week: interest rates on treasuries increased, the 10 yr note yield jumped 12 basis points,, mortgage rates however remained generally unchanged. The week brought the Greece deficit into full focus early in the week generating a little safe haven buying in treasuries but it didn’t las long as markets quickly realized the European Union [...]