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2018
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Mortgage rates continues to decline this week due in part to the meltdown in the stock markets, which drove bond prices higher. Freddie Mac reports that the 30-year fixed-rate mortgage fell by seven basis points to 4.55% with an average 0.5 in points and fees. Freddie Mac said, "The drop in mortg...
12/27/2018
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The National Association of REALTORS® (NAR) reports that Existing Home sales in November rose 1.9% from October to an annual rate of 5.32 million units versus the 5.20 million expected. Gains were seen in the Northeast, Midwest and South with losses in the West. Existing Home Sales include transa...
12/19/2018
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It's Fed week! The Fed kicks off its two-day Federal Open Market Committee meeting tomorrow and will end on Wednesday at 2:00 p.m. ET with the monetary policy statement and a projection of economic indicators. The Fed's Powell will hold a press conference at 2:30. The Fed is expected to hike the ...
12/17/2018
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CoreLogic reports that home prices, including distressed sales, rose 5.4% from October 2017 to October 2018. That is down from the 7% gain seen year over year in March of this year. On a month over month basis, prices rose 0.5% from September 2018 to October 2018. Looking ahead, CoreLogic sees a ...
12/04/2018
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The G-20 Summit Meeting took place over the weekend with the big event taking place Saturday night between President Trump and China's President Xi. The two leaders discussed trade issues and agreed to suspend any tariffs for 90 days and will enter into negotiations to try and settle the trade di...
12/03/2018
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Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans