The Associated Press is reporting this morning that KB Homes sales are up a healthy 59% over the first quarter of this year. The bad news is that KB suffered a 255.9 million dollar loss. So the news is definitely good and bad. The CEO of KB is cautiously optimistic about the future of the…
Monthly Archives: June 2009
Mortgage Rates Have Muted Reaction to FOMC Statement
Well the big event for the week and month came and went with no reaction. The FOMC meeting concluded yesterday with the release of their policy statement. No surprise announcements and the verbiage was little changed from last statement. Many a mortgage…(read more) Go to Source
Rates up, appraisals down
Rates rise modestly in Bankrate’s survey; conventional wisdom on appraisals is misinformed. Go to Source
Rates could be volatile today
Mortgage bond investors are poised to criticize whatever the Fed says today; watch for volatility. Go to Source
RateWatch – Blackjack, Fed Style
Market: So, yesterday we were watching the Fed, and as it turned out there was nothing to see. Bonds ended exactly flat at 0. Today we’re up 28bps and sitting on a multiple resistance line (Note: if this doesn’t make any sense to you, don’t worry. It’s not important in the cosmic sense. I just…
Avoid Mortgage Modification Scams
If you are considering a mortgage modification, you should be aware of the various scams that are going on out there.
Wow! Mortgage Applications Climb Out Of 7 Month Low
Mortgage Industry Anxiously Awaiting Fed Statement
Big Raises For For The Employees Of TARP Banks
We learn today that companies like CITI Are giving raises of up to 50% to their employees.
Don’t Ask Me When You Should Lock Your Loan… Please!
I can’t tell you how many phone calls I get every day where people ask me if they should lock in their loan. And the answer is definitely, “I DON’T KNOW”