Home sales contracts leap higher
April 5, 2010 by Will.Frable · Leave a Comment
From CNN
NEW YORK (CNNMoney.com) — Contracts for the sale of existing homes rose sharply in February, the National Association of Realtors’ (NAR) said Monday.
In the single-biggest monthly rise since October 2001, pending home sales rose 8.2% in February. Economists were expecting a 1% decrease.
It was also a 17% improvement over February last year. The unexpected [...]
Mortgage Market Update
March 15, 2010 by Will.Frable · Leave a Comment
Market Comment
Mortgage bond prices fell last week applying slight upward pressure on home loan rates. The market remained very volatile within a narrow range. With the lack of data the first portion of the week, oil prices factored into trading. Oil remained above $80 a barrel, which reignited inflation concerns. The retail sales report released [...]
