Monthly Archives: May 2012

My Thoughts for the Week of May 29, 2012

Long gone is talk about double dip recessions, especially after last week’s economic data. April housing data on new and existing home sales came in a bit better than expected and home prices showed more signs of stabilizing. Normally this … Continue reading

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Existing-Home Sales and Prices Rise, Point Toward Recovery: NAR

According to news released by the National Association of Realtors, existing-home sales rose in April and home prices continued to rise. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.4% to a seasonally adjusted … Continue reading

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My Thoughts for the Week of May 21, 2012

Another fairly calm week ahead of us domestically, which means once again most attention will be on Europe. The EU Summit starts Wednesday, whether or not Greece exits the EU will be a topic of discussion. Concern over Greece has … Continue reading

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Friday May 18, Market Update

Some minor credit/rebate declines today in the mortgage markets, but the outlook remains positive for lower rates. The 10 yr and mortgages have made a huge run over the week or so, a slight pullback is not unusual. At 9:30 … Continue reading

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My Thoughts for the Week of May 14, 2012

Interest rates could continue lower this week on increasing fears Europe is facing defaults from Greece and increasing likelihood Greece will depart from the EU, which could set up a domino effect with Ireland, Portugal, and Spain. Problems in Europe … Continue reading

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My Thoughts for the Week of May 7, 2012

There isn’t much in the way of key economic reports this week and rates are starting off pretty close to where they started last week, but with a slightly better credit. Last week had a number of influential reports but … Continue reading

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