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Daily Mortgage Update provided by CU Mortgage Division:

Case-Shiller Shows Home Price Improvement In 95% Of Cities

7/28/2010 7:46 AM

Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller's 20 tracked markets. It's the second straight month of strong Case-Shiller findings...Read More

New Homes Sales Gain in June, But Gains Are Relative

7/27/2010 7:45 AM

June's New Home Sales data is a major improvement over May, but gains are relative. It's possible that the true "new home market" may be softer than the statistics suggest...Read More

What’s Ahead For Mortgage Rates This Week : July 26, 2010

7/26/2010 7:46 AM

Mortgage rates rose last week, but only slightly. Rate are still hovering near their lowest levels of all-time...Read More

Existing Home Sales Drop In June But Hint At Higher Price Tier Support

7/23/2010 7:45 AM

Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month's data reveals some interesting trends...Read More

Housing Starts Ease 0.7 Percent In June — 7x Better Than The Headline Data

7/21/2010 7:45 AM

Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide...Read More

Sagging Homebuilder Confidence Opens The Door For Good Deals

7/20/2010 7:46 AM

Remember, it wasn't too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return -- especially as the foreclosure mar...Read More

What’s Ahead For Mortgage Rates This Week : July 19, 2010

7/19/2010 7:46 AM

Mortgage rates are artificially right now so even the slightest jolt could cause them to spike. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days' time. Therefore, if you're shopping for a mortgage and like the rate you've been quoted, consider locking in as soon as possible...Read More

Mortgage Market News for the week ending July 16, 2010

7/16/2010 9:52 PM

Slow Growth, Low Rates Weaker than expected economic data and continued low inflation helped mortgage rates move a little lower from last week. In recent weeks, investors have modified their consensus outlook to reflect weaker economic growth during the second half of the year. The manufacturing and retail sales data re...Read More

The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

7/16/2010 7:46 AM

At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed's words are doing wonders for mortgage rates...Read More

Foreclosure Activity Slows Again In June 2010

7/15/2010 7:46 AM

June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state. Like everything else in real estate, it seems, foreclosures are a local phenomenon...Read More

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