Vegas Home Group

Today’s Jobs Report Will Keep Mortgage Rates Highly Volatile

Mark Madsen — Fri, 05 Nov 2010 10:49:55 +0000

Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.

A Simple Explanation Of The Federal Reserve Statement (November 3, 2010 Edition)

Mark Madsen — Wed, 03 Nov 2010 18:28:58 +0000

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent.

Mortgage Rate Lock Alert : Expect Rate Changes Wednesday Afternoon

Mark Madsen — Wed, 03 Nov 2010 12:48:21 +0000

The Federal Reserve ends a scheduled, 2-day meeting today. It's the seventh of 8 scheduled Fed meetings in 2010, and the eighth overall this year. Mortgage rates should be especially jumpy.

Better Credit Scores Get Better Mortgage Rates

Mark Madsen — Tue, 02 Nov 2010 12:50:32 +0000

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

What’s Ahead For Mortgage Rates This Week : November 1, 2010

Mark Madsen — Mon, 01 Nov 2010 12:50:01 +0000

All things considered, it's dangerous to float a mortgage rate this week. If you're not already locked, talk to your loan officer prior to Wednesday afternoon.

Foreclosure Activity By Metro Area, Q3 2010

Mark Madsen — Fri, 29 Oct 2010 12:51:14 +0000

Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORSÂ®. But for as common as foreclosures can be, they remain a localized concern.

New Home Housing Stock Drops To A 5-Month Low

Mark Madsen — Thu, 28 Oct 2010 12:53:02 +0000

After improving 1 percent in August, New Home Sales popped another 7 percent in September. It's no wonder homebuilder confidence is at a 5-month high.

Home Values Up 0.4 Percent In August, On Average

Mark Madsen — Wed, 27 Oct 2010 12:53:05 +0000

The Federal Home Finance Agency's data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states tended to perform poorly. Plains states tended to perform well.

What’s Ahead For Mortgage Rates This Week : October 25, 2010

Mark Madsen — Mon, 25 Oct 2010 12:52:08 +0000

The dollar was strong in the first part of last week, then weakened through Friday's close with the G-20 meeting looming. Mortgage rates trended along similar lines.

Time To Refinance? Mortgage Rates Down 1.00 Percent Since April.

Mark Madsen — Fri, 22 Oct 2010 12:51:59 +0000

The rate-and-fee combination you'd get in your home state is different from the rate-and-fee combination you'd get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it's the opposite.