Mortgages

Following is a great update on the most recent changes in the mortgage industry as originally distributed by Shane Price with Houston Capital Mortgage.

Sometimes one should be thankful for small favors, such as three-day holiday weekends.

There were only four days of bad news last week instead of the usual five. No surprise, the Federal Reserve was at the forefront of the brigade.

Following is a great update on the most recent changes in the market, as originally distributed by Bruce Worthington with New England Investment & Retirement.

Earlier this year, some investors thought the key to a rising stock market was to see a big drop in the price of oil.

Well, we’ve now seen a 27% drop in the price of oil since its July 3 closing high, but, as of last Friday, stock prices were still languishing near their July lows, according to Associated Press. So, what’s the deal?

Following is a great update on the most recent changes in the mortgage market as originally distributed by Shane Price with Houston Capital Mortgage.

Everything isn’t turning up roses quite yet, but last week’s slate of economic news suggests that at least blooms are forming.

Existing-home sales hit a five-month high, according to new data from the National Association of Realtors, jumping 3.1% in July to 5 million units from 4.85 million in June.

For anyone wondering why we had such large fluctuations in the mortgage market last week, following is a great recap of the industry as originally distributed by Shane Price with Houston Capital Mortgage.

Last week's economic news proves that it can be tortuously difficult to turn lemons into lemonade, especially when there is no sugar to be found.

To wit, housing starts slipped another 3.3% to an annual pace of 975,000 units in May, the lowest level in 17 years.

Following is a great market commentary, as originally distributed by Bruce Worthington with New England Investment and Retirement.

There was lots of gurgling beneath the surface, but by the end of last week, the Dow Jones Industrial Average eked out a welcome gain.

Helping the cause was a report from the Commerce Department, which showed a 1% increase in retail spending in May. It was the fastest increase in six months and due, in part, to consumers trading their stimulus checks for tangible goods.

Following is a great recap on the mortgage market as originally distributed by Shane Price with Houston Capital Mortgage.

Last week, a leading gauge of U.S. home sales showed surprising strength. April pending home sales rose 6.3% from March to an 88.2 index in April, the highest level in six months, the National Association of Realtors reported.