A Touch of Panic!

Interesting read from the National Market Key Indicator Summary  Source: Hanley Wood
 
Data released this week on the housing front has brought about some reason for concern domestically, while international turmoil relating to sovereign debt has weighed heavily on the equity markets.  Purchase mortgage applications plunged for the second straight week to its lowest levels since [...]

Rise Up…

Housing Prices Could Rise 12.4% by 2014
Housing prices are expected to increase 12.4 percent between 2010 and the end of 2014, predicts MacroMarkets, which surveyed more than 100 analysts and market strategists.
 
 

Those interviewed didn’t all see the housing market in the same light. Joseph LaVorgna, a economist at Deutsche Bank predicts that home prices [...]

European Crisis Drives Down Mortgage Rates

European Crisis Drives Down Mortgage Rates
Europe’s financial problems are pushing U.S. mortgage rates lower and lower.
Because international investors see the U.S. as in much better shape than Europe, investors are putting their money into U.S. government securities, driving mortgage rates down near record lows.
Some in the industry predict that rates could be as [...]