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Fed Minutes Causes Mortgage Rates To Rise Suddenly
The Federal Reserve has released the minutes from its last FOMC meeting, a 1-day affair held March 13, 2012. Mortgage rates in AZ are rising on the news. For the un-indoctrinated, 3 weeks after it...
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A Simple Explanation Of The Federal Reserve Statement (June 20, 2012)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the fifth consecutive meeting, the Fed Funds Rate...
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Mortgage Rate Risk Ahead Of Friday Morning’s Jobs Report
Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. More commonly called “the jobs report”, Non-Farm Payrolls is a monthly market-mover. Depending on the strength...
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Home Purchasing Power Jumps To New Highs
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high. According to last week’s Freddie Mac mortgage rate survey, the average...
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Revisiting Housing Market Predictions For 2012
When the calendar flips to a new year, analysts and economists like to make predictions for the year ahead. So, today, with the year half-complete, it’s an opportune time to check back to see how the...
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Singe-Family Housing Starts Rise For 4th Straight Month
New construction housing is in a post-recession rally. As reported by the Census Bureau, on a seasonally-adjusted, annualized basis, last month’s Single-Family Housing Starts rose 5 percent to 539,000...
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Freddie Mac 30-Year Fixed Rate Mortgage Rates Rises To 3.55%
Mortgage rates couldn’t fall forever, it seems. This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on...
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FOMC Expected To Announce New Stimulus Today
The Federal Open Market Committee ends a 2-day meeting today, the group’s sixth of 8 scheduled meetings this year. As a Sedona home buyer or would-be refinancer, be ready for mortgage rates to change....
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Buyers Win 6.6 Percent Increase In Purchasing Power
Mortgage rates in Arizona continue to troll near all-time lows, boosting the purchasing power of home buyers statewide. According to Freddie Mac’s most recent Primary Mortgage Market survey, the...
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New Home Supply Remains Firmly In “Seller’s Market” Territory
The U.S. housing market appears headed for a strong close to 2012. According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted,...
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October Jobs Report Blows Away Estimates; Mortgage Rates Falling
Another month, another good showing for the U.S. economy. Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report. The Bureau of Labor...
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The Federal Reserve Begins A 2-Day Meeting Today
The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year. The Federal Open Market Committee is a 12-person subcommittee within the Federal...
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Improving Market Index : Up To 201 Cities For December 2012
Last week’s National Association of Home Builders/First American Improving Markets Index (IMI) brought positive news about U.S. housing markets and the broader U.S. economy, in general. According to...
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What’s Ahead For Mortgage Rates This Week: February 11th, 2013
Mortgage rates worsened last week in response to more indications that the U.S. economy and global economic trends are improving. Global economic data was stronger than expected; which generally...
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