Don Grimes's (grimesd) Blog
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2011
What's Ahead For Mortgage Rates This Week : January 31, 2011 Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall across the state ...
01/31/2011
What's Ahead For Mortgage Rates This Week : January 24, 2011 Mortgage markets worsened last week in a holiday-shortened trading week. As the body of U.S. economic data continues to show slow, steady improvement, Wall Street is becoming a net-seller of mortgage-backed bonds. As a result, conform...
01/24/2011
Building Permits Surge In December; Signals A Strong Spring Housing Market Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the nu...
01/20/2011
Home Builders Slowed By Economy, But Seeing More Foot Traffic Homebuilder confidence held firm for the second straight month this month, according to the National Association of Home Builders. The monthly Housing Market Index registered 16 out of a possible 100. January's reading is three point...
01/19/2011
What's Ahead For Mortgage Rates This Week : January 18, 2011 Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of "safe haven" buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing. Last week marked...
01/18/2011
Foreclosure Activity Falls For The Second Straight Month, Drops To 30-Month Low According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings nationwide dropped for the second straight month in December. After falling 21 percent in November, filings were down by an additi...
01/13/2011
Credit card debt, left unchecked, can pile up quickly. Especially for debtors making minimum payments. According to the Federal Reserve, a credit card balance of $5,000 at 23.99 percent APR won't pay off for 16,127 years. That's one reason why it's important to manage your credit card rates, an...
01/11/2011
What's Ahead For Mortgage Rates This Week : January 10, 2011 Mortgage markets gained last week as a combination of safe-haven buying and an improving economic outlook attracted new buyers. Demand for mortgage-backed bonds outweighed supply and conforming and FHA mortgage rates edged lower. Last...
01/10/2011
December's Job Report : Good For Home Affordability On the first Friday of each month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report. More commonly called "the jobs report", the government's data include raw employment figures and the Unemployment Rate. The jobs report hi...
01/07/2011
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Loan Costs Increasing April 1, 2011 Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs. Loan-level pricing adjustments are mandatory closing costs. They're assigned by Fannie Mae and Freddie Mac, and based on a l...
01/06/2011
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