Mortgage Bonds traded higher today, but did close off the highs of the session after the Fed statement was released at 2:00pm ET. Weaker than expected economic data helped to push prices higher this morning, but MBS couldn’t hold onto those gains. Sellers will be coming out the next few days with the uptick in refis….short term locking.
Real Estate with Tyson- Inventory Drops Again, Sales Slow [INFOGRAPHIC]Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.
- Americans Still Believe Real Estate is Best Long-Term InvestmentAccording to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or […]
- A ‘Buyer’ in Hand is Worth Two in the BushIn today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make […]
- Inventory Drops Again, Sales Slow [INFOGRAPHIC]
