June 2009 - Posts

27 June 2009
Rates edge up June 24,2009
The benchmark 30-year, fixed-rate mortgage edged up 4 basis points, to 5.8 percent , according to a national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of Read More...
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27 June 2009
Homebuyer Tax Credit of $15,000 Proposed
Congress once again is considering new tax credits intended to lure wary homebuyers into the nation's sagging housing market. Washington lawmakers have proposed several separate bills laced with housing incentives. The plans differ, but key elements Read More...
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15 June 2009
:June 15, 2009::Forecast for the Week
Tuesday and Wednesday should also bring us a clearer picture of where things stand on the inflation front. Tuesday brings the wholesale price inflation measuring Producer Price Index (PPI) Report, while Wednesday delivers the inflation news on the retail Read More...
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15 June 2009
Rates move higher in past 2 weeks after their bottom in May
As I mentioned before, added supply has been one of the main culprits behind the recent sell-off in Bonds and corresponding climb in home loan rates . So where is that supply coming from? First, all those refinances you've heard about lately are actually Read More...
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08 June 2009
Twitter Me...on the twitter page at...
You can now find me: http://www.twitter.com/Realtor_SoCal Thanks! Tom Read More...
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08 June 2009
Forecast for the week June 08,2009
In terms of economic reports, Thursday will be the big day this coming week. We'll learn more about the health of the retail sector via the Retail Sales Report for May . April's Retail Sales Report was worse than expected and marked the eighth Read More...
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08 June 2009
Will it Appraise??
An appraisal of a home is always supposed to be a fair, impartial and professional evaluation of a property's true value and not under pressure from special interests. Unfortunately, during the height of the housing boom, appraisers were pressured Read More...
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