PCBDaily

Mortgage Market

Housing Reports Solid – Rates Fall

December 4, 2009 • 1 comment
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After a week off for Thanksgiving I have plenty of good news to report since my last update. Last week, the National Association of Realtors reported that, for the month …

by Hunter Palmer

Rates Remain Low / Housing Starts Tumble

November 18, 2009 • 2 comments
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Mortgage rates continue to hover near record lows with the rate on the benchmark thirty year flirting with 4.875% this week. The rate on the fifteen year fixed rate has …

by Hunter Palmer

First Time Homebuyer’s Tax Credit EXTENDED

November 11, 2009 • 0 comments
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Last Friday, President Obama signed a bi-partisan extension to the first-time home buyer tax credit program last week giving prospective buyers through June 30th, 2010 to close on a home …

by Hunter Palmer

Pending Home Sales Rise

November 3, 2009 • 0 comments
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The National Association of Realtors reported on Monday that the September Pending Home Sales Index jumped 6.1% t0 110.1 after a 6.4% rise in August. The big rise far surpassed …

by Hunter Palmer

Rates Rise – Home Prices Still Rising

October 28, 2009 • 1 comment
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We are definitely seeing a return to volatility in mortgage rates as a see-sawing stock market has made for fickle demand for bonds. While sitting near record lows for several …

by Hunter Palmer

Housing Starts Miss Forecast

October 22, 2009 • 1 comment
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Mortgage rates remain low again this week helped out by reemerging doubts about the stock rally and economy as a whole. The benchmark thirty-year, fixed-rate stands just above 5% with …

by Hunter Palmer

New Rules Hamper Housing Market

October 14, 2009 • 6 comments
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I will be the first to agree that the mortgage industry was extremely under-regulated for years and feel that lack of oversight, among other things, was largely responsible for the …

by Hunter Palmer

Home Prices Still Rising

October 7, 2009 • 2 comments
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Mortgage rates remain at near eight month lows as strong demand in the bond market drove the yield on the ten year Treasury note below 3.20% before rising slightly to …

by Hunter Palmer

Mixed Signals in Housing Data

September 30, 2009 • 0 comments
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Another mixed bag of housing data was released over the past week starting with last Thursday’s report from the National Association of Realtors that showed an unexpectedly drop in existing …

by Hunter Palmer

Rates Lower – Single Family Starts Fall

September 23, 2009 • 0 comments
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We have had some good news on the housing front over the past week as the National Association of Homebuilders reported that builder confidence rose in September for the third …

by Hunter Palmer

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