Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…”The Federal Reserve surprised the market last week by indicating that short-term rates were likely to stay at their current low levels until the end of 2014,” according to the Mortgage Bankers Association chief economist. He added, “Longer-term Treasury rates … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney and Prime Lending: INFO THAT HITS US WHERE WE LIVE…Well, we can all make our way with a bit of a smile on our faces, courtesy of the latest Housing Starts numbers. At first blush, the December report seemed disappointing, down 4% for the month. But starts overall are … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Enough people were motivated to buy new homes in October to push monthly sales up 1.3% to a 307,000 annual rate. Even better, the motivation was strong enough to send the median price to $212,300, UP 4% over a year … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage Market Update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Last week’s housing news did give all of us in the industry a few more things to hang onto. First, we saw new single-family home sales go up 5.7% in September, to a 313,000 annual rate. Next, it was nice … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…What didn’t make sense last week was the way the media reported the latest housing data. Housing Starts were UP a strong 15% in September, hitting a 658,000 annual rate. But the media chose to emphasize that the gain was … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update