Monthly Archives: March 2014

Mortgage Interest Rates | Blue Loan Services Helps California Borrowers Take Advantage Of Current Low Rates

San Diego, CA (PRWEB) March 26, 2014 Today marked the fourth day in a row where mortgage interest rates either held steady or improved overall. This is good news, as it seemed that rates were headed the other way last week when the Fed Forecasts being released caused rates to rise at the fastest pace this year. However, the new low rates may not be available for long ” with more economic data    .. more …

Existing Home Sales | February Existing Home Sales Muted: West Is The Best

Existing home sales in the West and South posted the highest gains in February while sales in much of the rest of the U.S. remained soft or down, the National Association of Realtors reported Thursday.But home prices continued to show “solid growth” in most of the country due to limited inventory, with the median price 9.1% above last February to $189,000, the NAR said.Existing-home sales of all    .. more …

New Home Sales | New Home Sales Fall As The Spring Selling Season Sees More Winter

Restricted supply has been the theme of the U.S. housing market over the past year At the end of February, there were 189,000 new homes for sale, representing a 5.2-month supply. The median time a new home has been on the market shrunk from nine months last summer to the current figure of five months. As professional investors have become major players in the real estate market, we’re seeing    .. more …

Mortgage Interest Rates | Keep An Eye On Your Commercial Loans

Borrowing money for your business and keeping the banks happy is a challenge. Here’s how to handle it.You’ve undoubtedly heard that mortgage interest rates are rising, but have you asked yourself whether that will affect your current business loan or line of credit?The answer is definitely “yes” — and, not only that, it will make loans harder to get in the future. Related: 10 Questions to Ask    .. more …

Existing Home Sales | Why Were Last Month’s Existing Home Sales Figures Disappointing?

What are existing home sales? Existing home sales are a monthly release, issued by the National Association of Realtors (or NAR). Total existing home sales represent completed transactions that include single-family homes, townhomes, condominiums, and co-ops. Key highlights Price increases for existing homes were cited as a key reason for the decline in existing home sales for February, 2014. The    .. more …

New Home Sales | A Comment On The New Home Sales Report

Earlier: New Home Sales at 440,000 Annual Rate in February The Census Bureau reported that new home sales in January and February combined were 68,000 not seasonally adjusted (NSA). This is the same as last year NSA – so there was no growth over the first two months of the year.Weather probably played a small role in the lack of growth, but higher mortgage rates and higher prices probably were    .. more …

New Home Sales | New Home Sales Dip In February

Recent home sales data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau showed that sales of newly-built single-family homes dipped 3.3% to 440,000 units in Feb 2014 as unfavorable weather decelerated sales of new homes. Regionally, February new home sales data were weak in the windswept regions of the Northeast, South and the West. New housing sales    .. more …

Mortgage Interest Rates | Do Mortgage Rates Follow Movements In Treasury Yields?

Correlations between mortgage rates and Treasury yields The historical correlation between the percentage change in weekly market yields on 30-year U.S. Treasury securities (TLT) and the percentage change in weekly interest rates for 30-year conventional mortgages between January 2007 and mid-March 2014 was computed at 0.51. The correlation between the percentage change in market yields for    .. more …

Mortgage Refinance Interest Rates | The Advantages And Disadvantages Of Low-cost And No-cost …

Since closing costs can sometimes be steep, many homeowners are searching for a low cost or no cost mortgage. Often times, they are also looking for a no fee refinancing. With the growing demand for more economical loans, came the need for no fee financing. A no cost finance loan is simply a loan in which the borrower does not have any closing costs to pay. The lender pays fees that often    .. more …