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boise: Mortgage Rates Dip, Retail Sales Weak In December - 01/17/11 03:06 PM
Consumers keep spending, the economy keeps growing.
Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.
Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts had expected a number north of $2 billion.
Despite falling short of estimates, however, December's reading is the highest in Retail Sales history, surpassing the previous record set in July 2008, set during the recession. In addition, December's strong numbers helped 2010's year-over-year numbers go positive for the first time in 3 years.
Although the data is a mixed bag for Wall Street, home … (0 comments)
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boise: Mortgage Rates for Boise Idaho This Week: January 3, 2011 - 01/04/11 02:29 PM
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. Mortgage bonds improved on year-end profit-taking, mostly, leading conforming mortgage rates in Idaho lower.
Last week marked the first calendar week in which mortgage rates dropped since early-November, a pleasing development for rate shoppers and home buyers.Falling rates means lower monthly mortgage payments.
But don't expect for rates to improve again this week, however. Last week's gains were the result of extremely low trading volume and a close-out of 2010 mortgage bond positions. With markets re-opened for 2011, and Wall Street back at full volume, … (0 comments)
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boise: Mortgage Rates in Boise Idaho - 10/18/10 05:20 PM
October 18, 2010 - Mortgage markets worsened last week in back-and-forth trading, pushing conforming mortgage rates higher on the week. Despite the uptick, however, Freddie Mac reports that rates in Idaho still managed to make new, all-time lows for the third week in a row. The benchmark 30-year fixed rate mortgage is now down 1.02% since April 2010.
The United States is experiencing a Refi Boom. As compared to 6 months ago, a new, $200,000 home loan costs $124 less per month in principal + interest. This week, monthly payments may fall some more. It all depends on data.
Early in … (1 comments)
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boise: Idaho's Real Estate Market is looking GOOD! - 06/09/10 12:51 PM
The Real Estate markets in Boise, Eagle, Meridian, and beyond are looking up. National statistics are very positive too!
Pending Home Sales Surge - National Figures:
A pending home sale is simply a signed contract on a home that has not yet closed. The National Association of Realtors reported that we continued to see gains in home sales for the third consecutive month. The index rose 6.0% last month and 22.4% when compared to April 2009. The April increase follows a 7.1% in March and a 8.3% increase in February.While certainly some of the gain … (0 comments)
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boise: Dean Tucker of Waterstone Mortgage in Boise Idaho - 01/12/10 04:46 PM
For the last six months I have been working on a CRM drip system that will automatically email clients and referral partners with loan status updates. I expect to turn it on this week. I'll be sure to let you know how it goes.
Dean Tucker, Waterstone Mortgage - Prime Equity Group, 2535 W State Street, Boise Idaho 83702 208-388-0500 www.fhaboise.com www.homeloanboise.com www.refinanceboise.com www.primeequity.com
… (0 comments)
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boise: Some Fed officials conflicted on mortgage-buying program - 01/12/10 04:04 PM
Some Federal Reserve policymakers last month were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and bolster the housing market, according to a document released Wednesday.
Minutes of the Fed's closed-door meeting on Dec. 15-16 revealed that a "few members" thought that the Fed's $1.25 trillion program to buy mortgage securities from Fannie Mae and Freddie Mac might need to be expanded and extended beyond its current end date of March 31. Such an additional dose of stimulus would be especially needed if the economic recovery were to weaken, they argued.
However, one … (0 comments)
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boise: Fed makes record $46B profit in 2009 - 01/12/10 03:52 PM
The Federal Reserve made a record profit of $46.1 billion last year, reflecting money made off its extraordinary efforts to rescue the U.S. from the worst economic and financial crisis since the 1930s, the central bank announced Tuesday.
The windfall gets turned over to the Treasury Department.
It marks the biggest profit on record dating back to 1914 when the Fed was created. The previous record profit - of $34.6 billion - was registered in 2007. In 2008, the Fed reported a profit of $31.7 billion.
The Fed says the bigger profit was primarily due to increased income from the securities … (4 comments)
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Dean Tucker (Mortgage Banker)
Boise,
ID
More about me…
Dean Tucker Benchmark Mortgage - Prime Equity Group
Address: 2535 W State Street, Boise, ID, 83702
Office Phone: (208) 287-1717
Email Me
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