rates: Inside Lending---12/19/2011 - 12/19/11 10:12 AM
QUOTE OF THE WEEK..."Do what you can with what you have where you are."--Theodore Roosevelt INFO THAT HITS US WHERE WE LIVE...The famous President's sage advice from a century ago is still the appropriate approach to today's housing market. In the midst of all the media noise, it's always good to check what we do have and where we really are. For example, the Census Bureau reported that although the median sale price of new homes in October was down 15% over the last five years, it's actually up 26% over the last ten. More evidence that housing still is a good … (0 comments)

rates: Inside Lending; Past, Present and Projection - 10/03/11 12:19 PM
QUOTE OF THE WEEK..."If you only care enough for a result, you will almost certainly attain it."--William James INFO THAT HITS US WHERE WE LIVE...One result we care a lot about is a turnaround for new homes. We haven't attained it quite yet, with New Home Sales down 2.3% in August, at a 295,000 annual rate. This keeps them in the territory they've occupied since May 2010, but there were some good signs in the report. The inventory of new homes for sale fell to its lowest level on record. At the same time, the inventory of homes not yet started … (1 comments)

rates: Inside Lending; past, present, projections - 09/12/11 12:04 PM
QUOTE OF THE WEEK…“The lure of thedistant and the difficult is deceptive. The great opportunity is where youare.”–John Burroughs, American naturalist and essayist
INFO THAT HITS US WHERE WE LIVE…The great opportunity now is for homebuyers to get a mortgage at an historically low rate. Freddie Macreported national average mortgage rates set new record lows last week.But according to most observers, buyers shouldn’t expect further ratedips. Lenders are seeing plenty of loan volume, so they don’t have to lowerpricing to get more activity.
Opportunity was also one of the themes in Fannie Mae’s August NationalHousing Survey, where 69% of Americans polled … (1 comments)

rates: Inside Lending - 09/06/11 10:51 AM
QUOTE OF THE WEEK..."Believing in progressdoes not mean believing that any progress has yet been made."--Franz KafkaINFO THAT HITS US WHERE WE LIVE...Major progress has yet to be made inthe housing recovery, but we can keep believing in it, since the dataisn't all negative. For example, Pending Homes Sales (contracts onexisting homes) were down 1.3% in July, but were UP 2.4% in June, so ExistingHome Sales should be up for August. In addition, July's reading was UP14.4% over last year. The National Association of Realtors chiefeconomist said, "rising rents, record high affordability conditions andinvestors buying real estate as a future inflation … (0 comments)

rates: Inside Lending, forcast and review - 08/29/11 10:34 AM
QUOTE OF THE WEEK…“In the middle ofdifficulty lies opportunity.”–Albert EinsteinINFO THAT HITS US WHERE WE LIVE…Last week’s “difficulty”for the housing market came from the news that New Home Sales dropped0.7% for July, to a 298,000 annual rate. They’ve been in this low rangesince May of last year, competing with existing homes selling at discounts. Butthere is opportunity. The inventory of new homes dropped to its lowest level onrecord. Equally encouraging, the new home median price is up 4.7% over ayear ago and the average price is up 8.0%.
Some analysts feel home sales this fall will be better than last, as … (0 comments)

rates: Inside Lending - 08/22/11 10:17 AM
This Week’s Forecast
NEW HOME SALES, Q2 GDP, CONSUMER FEELINGS...Observers expect Tuesday's New Home Sales numbers to hold for July, coming in just a tad below June. Weekly Initial Unemployment Claims should show a sign of hope, with that number forecast a little lower.
Friday, all eyes will be on the second estimate of Q2 GDP. Economists predict slightly less growth than originally expected. Final Michigan Consumer Sentiment for August should be at a subdued level. No surprise there. Finally, everyone should listen to Chairman Bernanke's comments at the Fed's Jackson Hole Conference.
INFO THAT HITS US WHERE WE LIVE...Ms. Schucman … (0 comments)

rates: Inside Lending - 07/20/11 03:07 PM
Review of Last Week
DEBT WORRIES WOBBLE STOCKS...The word of the week was "debt" as investors worried about both Italy's sovereign debt problems and the inability of the politicians in Washington to get to agreement on raising the U.S. debt ceiling. With these uncertainties, stocks wobbled off their high perch and all three indexes sank for the week, the broad-based S&P 500 down 2%. The FOMC Minutes from the Fed's last meeting revealed a divided committee. Some officials feel the central bank "might have to consider providing additional monetary stimulus" if the recovery remains slow. Others think inflation threats could cause … (0 comments)

rates: Inside Lending - 06/27/11 12:44 PM
INFO THAT HITS US WHERE WE LIVE...It certainly takes plenty of determination to find the opportunities in today's housing market. Last week the National Association of Realtors (NAR) reported Existing Home Sales down 3.8% in May to an annual rate of 4.81 million units, a six-month low. The median price was up for the month, though down 4.6% from a year ago. Inventories declined, but the months' supply increased to 9.3 because of the slower sales rate. Nevertheless, the NAR's economist opined, "...sales activity in the second half of the year is expected to be stronger than the first half, and … (0 comments)

 
Carly Companion (Academy Mortgage NMLS 180670)

Carly Companion

Burlington, VT

More about me…

Academy Mortgage NMLS 180670

Address: 401 Water Tower Cicle, Colchester, VT, 05446

Office: (802) 598-1880

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Details and Predictions about the financial markets, what to look for in the coming weeks and a review of the past week. Learn about how our markets affect our rates and our housing markets.


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