As the news continues to proclaim that we are breaking free of this painful recession, mortgage rates continue to stay in a very tight range, remaining at extremely low levels.  There is little doubt that this is contributing to some positive news in the housing marketing.  According to the S&P/Case-Shiller 20-city home price index, we’ve [...]

With the Fed’s recent policy announcement, and the comments of various Fed officials over the last two weeks, many believe that the Fed will support low mortgage rates at least until we see economic growth return in earnest.  This, combined with more news last week that inflation is not a near-term issue, helped mortgage rates [...]

Mortgage rates continue to remain fairly level as we head toward the end of the month.  This summer started with fears of a depression and is ending with hopes that a recovery will begin before the end of the year.  Last week, the Fed indicated it planned to keep its rates at this historically low [...]

 Additional evidence appeared last week that we may be very close to the bottom of this recession.  While it is the nineteenth straight month of job losses, July saw only 247,000 jobs lost with a tiny improvement in the unemployment rate.  The ISM Manufacturing Index also revealed greater signs of life than expected.  Mortgage rates [...]

 Last month saw rates spiking higher as optimism about the economy began to grow.  June started with news that the economy had only lost 345,000 jobs in May.  Other data, including some housing data and the ISM indices, began to show that the rate of economic hemorrhaging was finally slowing.  A few inflation indicators also [...]