China’s recent announcement to continue European investment caused stocks around the world to rally, signaling a likely upward trend in mortgage rates.
Treasuries and mortgage bonds sold off yesterday on China’s comments that it was a committed long-term investor in Europe, Spain passing a $15 billion austerity package, and U.S. Jobless Claims coming in a little better than expected. Treasury and mortgage prices are up slightly today from the end of day yesterday.
Livonia, Mich. – May 27, 2010 Quicken Loans, the nation’s largest online retail mortgage lender, and its family of companies received the Detroit Tigers Wives [...]
Today, treasuries and mortgage bond prices are lower after posting some of the biggest gains since last year. The concern is that yields are so low that it may curb demand when the Treasury auctions $31 billion of 7-year notes this afternoon.
With the economy slowly recovering, there seems to be a light at the end of the tunnel of this current recession. Housing prices and interest rates are extremely low, making today a great time to consider buying a home. If you happen to be looking in the right areas, you could actually benefit from appreciating home values. Here are four metro areas expected to see home prices continue to rise over the next few years in their respective regions.
This week the Federal Housing Finance Agency released new figures on housing prices. Find out which states have house prices lower than they have in the past.
In economic news yesterday, two home index reports were released – the S&P Case Shiller along with the Home Price index. Both reported modest value gains. Today, we have another home index report of the new home sales number at 10 a.m. The report is expected to also show an increase of 3.4%, adding to the jump in March.
The Today Show’s financial editor, Jean Chatzky, had some advice for people thinking about getting a home refinance and potential first-time home buyers. Chatzky mentions that although mortgage rates have the potential for dropping even further this summer, you should act now to lock in low mortgage interest rates.
U.S. Treasuries are higher today as concern Europe’s debt crisis is spreading and tensions between North and South Korea boost demand for safe assets. Also, the treasury will be conducting the first of this week’s auction packages with today’s 2-year note auction.
You may need to put some work into your house before it lives up to its full potential. Before you start knocking down walls, make sure you are aware of the renovation’s return on investment.