Monthly Archives: June 2013

Pending Home Sales Soaring As Well

The Mortgage Corner Watch out, homebuyers! There may be few homes left on the market if the National Association of Realtors’ May Pending Home Sales Index is any predictor of future sales. This is even though mortgage rates have risen … Continue reading

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New-Home Sales Up, Delinquencies Down

The Mortgage Corner Lots of news today. New-home sales are surging, while mortgage delinquencies and foreclosures continue to drop. Consumer sentiment is also up sharply, maybe because housing prices are soaring according to both the S&P Case-Shiller and FHFA (for … Continue reading

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Managing Fed’s Expectations—Why Austerity Now?

Popular Economics Weekly It seems that Ben Bernanke’s Federal Reserve has lost its nerve. Last week’s FOMC meeting confirmed that its Open Market Committee has decided to end the monthly QE3 security purchases sooner rather than later. We already see … Continue reading

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Whither Mortgage Rates?

The Mortgage Corner Ok, the fats in the fire now with the Fed saying it will begin to taper its QE3 purchases that have been holding down mortgage rates by the end of 2013. Rates have been surging since then. … Continue reading

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Did Bernanke Change His Tune?

Financial FAQs As we all know by now, Fed Chairman Bernanke seems to have abruptly switched sides in the stimulus debate. He said the purchases of $85 billion in bonds and mortgage securities could begin to be ‘tapered’ by the … Continue reading

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Economic Growth Stronger Than Predictions?

Popular Economics Weekly There are signs that economists have underestimated GDP growth this year. The New York Times surveyed economists in a recent Sunday front page article, that said growth could increase to 3 percent from the 2 percent norm … Continue reading

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Housing Construction Key to Economic Recovery

The Mortgage Corner Any doubts that housing is leading the economic recovery should be dispelled by now. Existing-home sales are projected to top 5 million units per year, as the so-called shadow inventory of distressed homes continues to fall due … Continue reading

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