Kevin's Blog

By
Mortgage and Lending - Pacor Mortgage Corp

ARCHIVED BLOG POSTS

2010 

Earlier this week, the private-sector Case-Shiller Index showed home prices slightly lower between November and December.  Thursday, the public-sector Home Price Index showed the same. Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by 1.6 percent nationally in...
02/26/2010
The housing recovery showed particular weakness in the New Homes Sales category last month -- good news for homebuyers in Beverly and around the country. A "new home" is a home for which there's no previous owner. New Home Sales fell 11 percent from the month prior and posted the fewest units so...
02/25/2010
Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday.  The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3. According to Case-Shiller representatives, the housing market is "in better...
02/24/2010
You can't get your mortgage rates from the newspaper. Last week proved it.  Again. Friday morning, headlines in Wisconsin and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior. A sampling of said headlines includes: US Mortgage Rates Drop For 2n...
02/23/2010
Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve.  Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row. Last week was a bad week to float...
02/22/2010
Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. A “Housing Start” is a privately-owned home on which construction has st...
02/19/2010
Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. A “Housing Start” is a privately-owned home on which construction has st...
02/19/2010
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family. Drive-time can affect a person's Quality of Life and it's...
02/17/2010
On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls data from the month prior. The data is more commonly known as "the jobs report" and it swings a big stick on Wall Street. Especially now -- many analysts believe job growth is tightly linked to the future of th...
02/04/2010
The Pending Home Sales Index rose slightly in December, climbing 1 percent from November. A Pending Home Sale is a home that is under contract to sell, but not yet sold. It's a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing services and mo...
02/03/2010
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Kevin Lanham

Chicagoland FHA Expert
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