Bob's Coto Blog

Data was sparse through 2010's first trading week last week, setting the stage for a week of momentum trading. In up-and-down trading, mortgage pricing improved overall but the best rates of the week didn't last long. Rates improved Monday and Tuesday as an oversold market corrected itself to bet...

FHA home loans are federal assistance mortgages made by lenders, and backed by the government. The FHA doesn't make loans to homeowners by federally-qualified lenders. By all accounts, FHA home loans are surging in popularity. 2006, FHA insured 3.3% of all mortgages made Q2 2009, FHA insured 19.2...

Both mortgage rates and home affordability took a turn for the better Wednesday after the Federal Reserve released its December 15-16, 2009 meeting minutes. The Fed Minutes is a follow-up piece to the post-FOMC meeting press release. But whereas the press release is succinct and to-the-point, the...

2010 is just a few days old and already the "experts" are making predictions for the year. Housing calls and mortgage rate predictions run the gamut: Home prices will fall in 2010 Home prices will rise in 2010 Mortgage rates will rise in 2010 Mortgage rates will rise by a lot in 2010 Given how va...

Mortgage markets were relatively flat last week during holiday-shortened trading.  After starting the week with a Monday surge higher, mortgage rates settled down thorough Tuesday and remained somewhat flat into the early-close for New Year's Eve. However, as compared to the 4-month low posted po...

The following is the second part of Steven Thomas’ end of year real estate market report for Orange County, California. Steven is a highly respected source of O. C. data, frequently cited in much of Southern California media, both television and newspapers.  He has been producing this twice month...