From Freddie Mac : Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down … Read More
As the debate of the shape of the recovery in the United States rages on, Nouriel Roubini analyzes the macro data and finds it to be fully consistent with – at best – a U-shaped recovery. However, the last two … Read More
Reverse mortgages are aimed at senior citizens who would like some spendable income to meet their financial needs and who own sufficient equity in their homes. Reverse mortgages are usually a tough sell. Elderly home owners have a fear of … Read More
From HotelNewsNow.com: San Francisco leads weekly results Overall the U.S. industry’s occupancy ended the week with a 2.5-percent increase to 55.3 percent, ADR dropped 4.7 percent to US$96.06, and RevPAR fell 2.3 percent to US$53.15. The following graph shows the … Read More
From the NAR: Pending Home Sales Down; Severe Weather Impacting Market The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December … “We will … Read More
I find that, whenever I get busy with things in my life, the first thing I cut out is the hour or two a day I spend reading. If I do that for a few days, I begin to intensely … Read More
The DOL reports on weekly unemployment insurance claims : In the week ending Feb. 27, the advance figure for seasonally adjusted initial claims was 469,000, a decrease of 29,000 from the previous week’s revised figure of 498,000. The 4-week moving … Read More
From the Financial Times: Greece prepared to turn to IMF Mr Papandreou said that the latest austerity package … fulfilled Greece’s commitment to its eurozone partners … “We are waiting for European support – the other side of the agreement,” … Read More
Just an update: H.R. 4691: Temporary Extension Act of 2010 was signed into law last night. Extends the final date for entering a federal-state agreement under the Emergency Unemployment Compensation (EUC) program through April 5, 2010. From Ron Scherer at … Read More
The BLS released the annual average state unemployment rates today. Here is a scatter graph comparing the delinquency rate for mortgage loans (including all loans in foreclosure) vs. unemployment rate for all states as of Q4 2009. Click on graph … Read More