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August 2010 Jobs Report Pushes Mortgage Rates Higher

On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior. 54,000 jobs were lost in August.

August’s Fed Minutes Lead Mortgage Rates Higher

Home affordability took a slight hit this week after the Federal Reserve’s release of its August 10 meeting minutes.

Case-Shiller Posts 16th Straight Month Of Home Price Improvement

According to the Standard & Poors Case-Shiller Index, home values rose 5 percent in June versus the month prior, and 4 percent from a year earlier. It’s the 16th consecutive month in which Case-Shiller reported an increase in home values and the third straight month of outstanding results.

Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week

Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.

How To Reduce Home Energy Costs By Sealing Air Leaks

According to the U.S. Department of Energy, up to 30 percent of a home’s energy costs can be cut just by reducing drafts. For example, a 1/16-inch gap unsealed gap around a window is equivalent to leaving the window 3 inches open.

Home Affordability Rankings For 225 Metropolitan Statistical Areas

With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.

Existing Home Sales Plummet Nationally In July; Home Buyers Gain Leverage

The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal.


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