mortgage rates: How Did The Housing Experts Fare On Their Predictions At This Years Half Way Point? - 07/01/10 03:36 AM
The Year Is Half-Over. How Did The Housing Experts Fare On Their Predictions? July 1, 2010 by · Leave a Comment 
As 2009 was ending, the “experts” were busy making forecasts about the U.S. economy and what to expect in 2010.
With respect to the housing markets, two predictions were made again and again:
Home prices would fall in the first half of 2010 Mortgage rates would be higher in 2010 Well, it’s July 1 and the year is half-over.  Both predictions are proving to be incorrect. Home values are rising in most markets and mortgage rates are down. Way down. 
It reminds us that economists are much … (1 comments)

mortgage rates: Should You Refinance Your Mortgage? - 05/27/10 06:53 AM
Should You Refinance Your Mortgage?
Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They're at levels not seen in 50 years.  For homeowners that missed the Refi Boom of November 2009, it's a second chance.
In this well-presented, 3-minute video from NBC's The Today Show, you'll get tips getting low rates and choosing the best time to lock in.
Some of the topics covered include:
Why were the experts wrong about rates moving higher this summer? How much money can you save with a 1 point drop in your interest rate? … (0 comments)

mortgage rates: Fed's April Minutes Push Mortgage Rates Even Lower - 05/20/10 07:13 AM
The Fed's April Minutes Push Mortgage Rates Even Lower
After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes.
It's good news for home buyers and would-be refinancers.  Mortgage rates continue to troll along multi-year lows.
"Fed Minutes" are lengthy, detailed recaps of Federal Open Market Committee meetings, not unlike the minutes you'd see after a corporate conference, or condo association gathering. The Federal Reserve publishes Fed Minutes 3 weeks after each respective FOMC get-together.
The Fed meets 8 times annually.
Because of the minutes' content and … (0 comments)

mortgage rates: Shopping For Mortgage Rates Is Part Research Skills, Part Luck - 05/11/10 08:42 AM
Shopping For Mortgage Rates Is Part Research Skills, Part Luck
Shopping multiple lenders for a "good mortgage rate" can sometimes save you 1/8 percent on your rate and/or a few hundred dollars in fees. However, when it comes to getting the best mortgage rate, you're going to more than good research skills.
You're going to need some luck.
Mortgage rates are unpredictable, ever-changing, and rarely change as expected.
For example, when the Federal Reserve left the mortgage market March 31, 2010, analysts said that mortgage rates would rise by a half-percent or more. It was practically stated as fact on … (0 comments)

mortgage rates: Iceland's Volcanoes Help Mortgage Rates Fall - 04/21/10 01:23 AM
How Iceland's Volcanoes Are Helping Mortgage Rates Fall Mortgage rates and home affordability have improved lately, thanks to an unlikely ally -- Mother Nature.
In the 7 days since Iceland's Eyjafjallajökull erupted, ash clouds have grounded planes, disrupted businesses, and stranded exports in warehouses worldwide.
It's a drag on commerce that's spilled over onto Wall Street. As experts debate the potential for future seismic activity, traders are taking some of their investment risk off the table. 
In trading circles, it's called "safe haven buying". When the market gets cloudy, investors often move their cash into relatively safe assets.  This includes government-backed … (2 comments)

mortgage rates: Friday's Jobs Report Tied To Rising Mortgage Rates? - 03/04/10 05:35 AM
Tying Friday's Jobs Report To Rising Mortgage Rates Conforming and FHA mortgage rates have improved over the last 10 days, but that could all change this Friday with the release of February's Non-Farm Payrolls report.
Non-Farm Payrolls is the official name of the government's monthly jobs report and, given the fragile state of the U.S. economy, Wall Street will be watching it closely.
Mortgage rates could spike come Friday morning.
Jobs are an important part of the nation's recovery. Among other concerns, unemployed Americans don't spend as much money on goods and services, and are more likely to default on a … (1 comments)

mortgage rates: Get the Most Accurate, Real Time Mortgage Rate Quotes - 02/23/10 02:19 AM
How You Can Get The Most Accurate, Real-Time Mortgage Rate Quotes Available  

You can't get your mortgage rates from the newspaper. Last week proved it.  Again.
Friday morning, headlines 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 2nd Straight Week (Reuters) Mortgage Rates On 30-year US Loans Fall To 4.93% (Business Week) 30-Year Fixed Mortgage Rate Falls Farther Below 5% (Marketwatch) The story behind the headline was sourced from the Freddie Mac Primary Mortgage Market Survey, am industry-wide mortgage … (0 comments)

mortgage rates: Mortgage markets reeled Wednesday after the Federal Reserve released the minutes from its January 26-27, 2010 meeting. - 02/19/10 02:30 PM
Mortgage rates are now at their highest levels since the start of the year. The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It's a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers' policy decisions. The Minutes is a terrific look into the Fed's collective mind and, yesterday, Wall Street didn't like what it saw. Specifically, the report disclosed that: 1.The Fed plans to break support for mortgage markets after March 31, 2010 2.Raising the Fed Funds Rate will be a key part of the Fed's … (1 comments)

mortgage rates: Jobs Report and Mortgage Rates Fall - 01/12/10 07:13 AM
The Bad Jobs Report Wasn't All Bad -- Mortgage Rates Fell Despite the headlines, it's important to remember that December's jobs report wasn't all bad news. 
Sure, the economy shed 85,000 jobs last month and the Unemployment Rate failed to dip below 10%, but for home buyers and rate shoppers , the news was just fine.
The soft employment data led mortgage rates lower, making homes more affordable for buyers.
There is two sides to every economic coin.
Since early-2008, the U.S workforce has been closely tied to home financing. As the economy slowed and jobs were lost, Wall Streeters pulled … (0 comments)

mortgage rates: When It's A Holiday Week, Mortgage Rate Shoppers Should Be Extra Vigilant - 12/22/09 01:59 AM

Mortgage pricing worsened Monday, driving mortgage rates to their highest levels since October.
The day's action was drastic, too. 
Some banks issued as many as 3 rate sheets Monday -- each worse than the preceding and one reason why rates got so bad, so quickly, is because this week marks the beginning of mini-Vacation Season on Wall Street. 
Between now and January 4, 2010, be prepared for big swings in pricing from day-to-day.  Shopping for a mortgage could be a challenge.
The relationship between vacation days and mortgage rate volatility is rooted in how mortgage rates are "made".
Conforming … (2 comments)

mortgage rates: As Unemployment Rates Fall, Mortgage Rates Rise - 12/06/09 04:27 PM

This morning's jobs report is causing mortgage rates to rise, capping a week during which rates have already jumped 3/8 percent off all-time lows.
The government's November Non-Farm Payrolls report reinforced the notion that the recession is nearly over, if not over already.
Just 11,000 jobs were lost last month -- much fewer than analysts had expected -- as the Unemployment Rate fell to 10.0%.
If it seems strange to be talking economic recovery while Americans are still losing jobs -- 7.2 million since 2008 --  remember that data always needs context.
See, analysts view employment figures as a lagging indicator for the economy.  This is because business … (5 comments)

Michael LaFido, It's Not The Market, It's The Marketing! (CONLON/Christie's International Real Estate)

Michael LaFido

It's Not The Market, It's The Marketing!

Chicago, IL

More about me…

CONLON/Christie's International Real Estate

Address: 1101 W Lake St. 1st Floor, Chicago, IL, 60607

Office: (630) 571-1752

Mobile: (630) 674-3488

Email Me



RSS 2.0 Feed for this blog