Signs of a double dip? Home prices fall 2%

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Shadow Inventory

Great article.

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Fewer homeowners behind on mortgage payments

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bit.ly/ceEZQg

1185 Fall River Cir.

Remodeled. Great 4 Bdr. 3 Bth. home for sale in Wolf Creek Subdivision, Longmont, CO. Priced to sell, under assessed value!! Listed with Coldwell Banker Res-Longmont.

Myths: The Earth Is Flat and Newspapers Sell Houses

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Myths: The Earth Is Flat and Newspapers Sell Houses

weekly Information 11/12

Mortgage interest rates increased this past week despite the Fed announcing last week that it would purchase $600 billion in Treasuries over the next several months. Markets are concerned that the Fed may purchase intermediate term 3 year, 5 year, and 7 year notes instead of longer dated 10 year notes and 30 year bonds which would be more likely to help mortgage rates. Markets are also concerned that the quantitative easing move is mainly directed toward weakening the Dollar in order to improve exports. Economic data of note included weekly jobless claims which dropped more than expected. The September Trade Deficit was less than expected on slightly stronger exports. The Treasury reported a budged deficit of $140.4 billion in October, the 35th consecutive month of deficit spending. Also, the Treasury auctioned $72 billion in 3 year notes, 10 year notes, and 30 year bonds. The auctions were met with mixed demand.

Weekly Information 10/5

Mortgage interest rates improved slightly this past week despite generally stronger than expected economic data. Today’s employment report for October showed non-farm payroll gains of 151k on expectations that 60k jobs would be added. September and August non-farm payrolls were revised upward by 110k. The unemployment rate remained unchanged at 9.6%. Other reports better than expected included September Construction Spending, the October ISM Manufacturing Index, the October ISM Services Sector Index, and September Factory Orders. Weekly jobless claims, though, increased more than expected, up 20k on expectations that they would be up only 11k. Also of note, the Fed announced at the conclusion of its FOMC meeting that it will purchase $600 billion in Treasuries over the next six to eight months to help support low interest rates.

Weekly Information 10/29

Mortgage interest rates were flat on the week as economic data was slightly better than expected. September Existing Home Sales and New Home Sales were better than expected. Increases in existing home sales were largely driven by the expiring tax credit. October Consumer Confidence, September Durable Goods Orders, and the October Chicago Purchasing Managers Index were slightly better than expected. Weekly jobless claims fell more than expected. The Q3 Advance GDP report showed that the economy grew at an annual rate of 2.0%, in line with expectations. The University of Michigan Consumer Sentiment Index fell to 67.7, its lowest level since November of 2009. The Treasury auctioned $99 billion in 2 Year, 5 Year, and 7 Year Notes, which was met with mixed demand.