Is More Fed-Led Stimulus On Its Way?
May 18, 2012 By Social Reconnect Leave a Comment
The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready in the event additional monetary stimulus is needed. The Fed Minutes function much like the minutes from a business meeting; or, condominium association meeting, for example. It's a detailed review of the conversations and debates between FOMC members, and is typically … [Read More...]
Single-Family Housing Starts Powers Ahead
May 17, 2012 By Social Reconnect Leave a Comment
The new construction housing market continues to improve. One day after the National Association of Homebuilders reported a 5-year high in homebuilder confidence, the U.S. Census Bureau reports that single-family housing starts rose 2 percent for the second straight month last month. In April, on a seasonally-adjusted, annualized basis, the government reports 492,000 single-family housing starts. … [Read More...]
Homebuilder Confidence Moves To 5-Year High
May 16, 2012 By Social Reconnect Leave a Comment
Homebuilder Confidence is on the rise once again. After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29. The increase marks the sharpest climb in homebuilder confidence on a month-to-month basis in 10 years, and raises the index to a 5-year high. The Housing Market Index is scored from 1-100. Readings above 50 indicate … [Read More...]
Home Affordability Getting A Springtime Boost From Greece
May 15, 2012 By Social Reconnect Leave a Comment
Home affordability is receiving a boost from across the Atlantic Ocean this spring. For the third time in as many years, a weakening Eurozone is pushing May mortgage rates to new lows nationwide. The story centers in Greece and begins in 2010. 2 years ago, it was uncovered that successive Greece governments had purposefully misreported the nation-state's economic statistics in order to meet … [Read More...]
What’s Ahead For Mortgage Rates This Week : May 14, 2012
May 14, 2012 By Social Reconnect Leave a Comment
Mortgage markets worsened slightly last week as positive U.S. economic news overshadowed growing concerns for the Eurozone's future. Political and economic issues continue to weigh on Greece and Spain, and it's still unknown how France's new President will change that nation's fiscal direction. Conforming mortgage rates edged higher on the week overall. Last week was light on economic data, … [Read More...]
