Archive for March, 2007
Up? Down? Home Sales Report Flip-Flop
27 March 2007February New and Existing Home Sales Take Different
Conflicting reports on new home sales vs existing home sales were relased on Friday and Monday. NAR’s report on new home sales was sanguine and reported a surpising increase, while HUD’s report on Monday of existing home sales showed a marked decline. Whom [...]
New Homes Sales Down, Mortgage Rates Down
26 March 2007Current Mortgage Outlook: Float.
Today the bond market opened positively after weaker than expected New Home Sales report for February. The stock market took losses, and we can expect to see an improvement of around .25 point to retail mortgage rates today.
February’s New Home Sales showed a decline of 3.9%. This was significantly [...]