Author Archives: Cottingham

What’s Ahead For Mortgage Rates This Week : February 6, 2012

Posted on February 6, 2012 by Cottingham

Mortgage markets worsened last week as domestic job growth surprised Wall Street and the Eurozone moved yet one more step closer to reaching a lasting Greece sovereign debt solution. Continue reading →

Posted in Mortgage Rates | Tagged , , | Leave a comment

Banks Start To Loosen Up In Underwriting

Posted on February 3, 2012 by Cottingham

After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”. Continue reading →

Posted in Mortgage Guidelines | Tagged , , | Leave a comment

Home Affordability Threatened By Friday’s Jobs Report

Posted on February 2, 2012 by Cottingham

It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report. Continue reading →

Posted in The Economy | Tagged , , | Leave a comment

Supply Of New Homes At 6.1 Months Nationwide

Posted on January 31, 2012 by Cottingham

According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide. Continue reading →

Posted in Housing Analysis | Tagged , , | Leave a comment

What’s Ahead For Mortgage Rates This Week : January 30, 2012

Posted on January 30, 2012 by Cottingham

Conforming mortgage rates rallied from Wednesday through Friday’s close, ending the week near all-time lows set earlier this year. Continue reading →

Posted in Mortgage Rates | Tagged , , | Leave a comment

Pending Home Sales Index Posts Second Best Month Since April 2010

Posted on January 27, 2012 by Cottingham

The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time. Continue reading →

Posted in Housing Analysis | Tagged , , | Leave a comment

A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

Posted on January 25, 2012 by Cottingham

Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. Continue reading →

Posted in Federal Reserve | Tagged , , | Leave a comment

The Federal Reserve Meets Today : Mortgage Rates Expected To Move

Posted on January 25, 2012 by Cottingham

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year. Continue reading →

Posted in Federal Reserve | Tagged , , | Leave a comment

Existing Home Sales Approach Bull Market Territory

Posted on January 24, 2012 by Cottingham

According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high. Continue reading →

Posted in Housing Analysis | Tagged , , | Leave a comment

What’s Ahead For Mortgage Rates This Week : January 23, 2012

Posted on January 23, 2012 by Cottingham

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next. Continue reading →

Posted in Mortgage Rates | Tagged , , | Leave a comment