Austin Herbert Mortgage Blog

By
Real Estate Mortgage Broker - DNJ Gateway Mortgage
Relevant, timely, important information about Real Estate, Mortgage Finance, and Personal Finance.
RECENT BLOG POSTS
I've been getting this question more and more over the past couple weeks.  What will the debt ceiling agreement do to mortgage rates? The United States is projected to reach its legal $14.294 trillion debt limit today. The limit was set by Congress February 12, 2010. The U.S. Treasury may not is...
Posted over 2 years ago
<!-- .entry-meta --> Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning. 30-year fixed conforming mortgage rates improved in Georgia last week, falling to levels just ...
Posted over 2 years ago
Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March. A “pending home sale” is a home under contract to sell, but not yet closed.  The forward-looking Pending Home ...
Posted over 2 years ago
<!-- .entry-meta --> Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities. May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case...
Posted over 2 years ago
<!-- .entry-meta --> Home builders are slowly reducing inventory. According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month. It’s the third straight month of falling sales a...
Posted over 2 years ago
  <!-- .entry-meta --> The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. ”Going FHA” is more common than ever before — but is it better? The answer — like ...
Posted over 2 years ago
<!-- .entry-meta --> Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms desig...
Posted over 2 years ago
<!-- .entry-meta --> A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May. It’s the HPI’s second straight increase, and puts the monthly index a...
Posted over 2 years ago
  <!-- .entry-meta --> Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. The Existing Home Sales posted a 1 percent drop from May as the number of homes sold fell to a seasonally-adjusted, annualized 4.77 million units. It’s the monthly...
Posted over 2 years ago
Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June - a 9 percent spike from the month prior and the highest reading in 3 seasons. A "Housing Start" is defined as a home breaking ground on ne...
Posted over 2 years ago
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Relevant, timely, important information about Real Estate, Mortgage Finance, and Personal Finance.