October 2009
3 posts
Mortgage Rate roller coaster →
Rates are again becoming unstable, with fresh reports predicting the inveitable increase in 2010. Ten-year yields ended the week on the upside. Interesting to see what happens Monday.
Market Watch - Home Sales Data →
Good report on the latest data - sales way up, but fueled by buyers scrambling to make the Nov. 30 deadline for first-time homebuyer tax credit.
Existing Home Sales Up more than Expected →
Sales surged ahead in September — highest increase in two years, according to the National Association of Realtors. But what does it mean? Are we out of the woods? Will prices start to rise?
Before we pop the champagne we need to keep in mind that this jump was fueled by the $8000 tax credit due to expire Nov. 30, along with people snapping up short sales and REOs.
These national...