Friday, July 27, 2012

Economy sends mortgage rates down further

According to the latest Weekly Mortgage Rates Radar, rates on the most popular types of mortgages declined this week. The average rate for conforming 30-year fixed-rate mortgages fell by four basis points (0.04 percent) to 3.66 percent. Conforming 5/1 Hybrid ARM rates decreased by five basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an [...]

Source: http://feedproxy.google.com/~r/hsh/~3/iEzrAyl1wSQ/

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What?s in a Housing Recovery? 3 Things to Keep in Mind

In case you’re late to the party, allow us to bring you up to speed ? various sources are saying housing is inching towards recovery. Existing-home sales were up 9.6 percent last month, new home sales 19.8 percent, and here in Chicago, sales soared by more than 25 percent. And as we just reported earlier today, even prices are back to positive territory in the S&P’s hugely influential Case-Shiller.
To help you navigate the data maze, we have three quick, easy points to keep in mind when surveying all the housing ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/_qh9PnRXDvM/

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5 Things to Do in Chicago This Weekend: July 20-22

Shake summer up a bit, with craft beer, rye whiskey, outdoor dancing and yoga on the water. While we don’t recommend going after these things all at once, we certainly recommend giving each of them a shot and, if you’re up for it, Chicago has you covered. Head to Grant Park on Friday evening for free Flamenco lessons and then check out the first ever Lincoln Square Roots Festival, celebrating local music and regional brews. On Sunday, you can revamp [...]

Source: http://feedproxy.google.com/~r/dreamtown/~3/TN85bwst-PE/5-things-to-do-in-chicago-this-weekend-july-20-22

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DUNKINBRANDS/BRIEF (URGENT)

July 27 (Reuters) - Dunkin Brands Group Inc :
* Moodys says Dunkin brands ratings unaffected by potential share repurchase

Source: http://feeds.reuters.com/~r/reuters/financialServicesRealEstateNews/~3/DuCImkixxaA/idUSWNA215920120727

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Consumer sentiment falls to 2012 low

NEW YORK (Reuters) - Consumer sentiment fizzled in July, falling to its lowest level of the year, as Americans took a dim view of the employment situation and their income prospects, a survey showed...

Source: http://feeds.reuters.com/~r/news/economy/~3/6s4yGbr_9Yo/us-usa-economy-sentiment-idUSBRE86Q0T620120727

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Economy sends mortgage rates down further

According to the latest Weekly Mortgage Rates Radar, rates on the most popular types of mortgages declined this week. The average rate for conforming 30-year fixed-rate mortgages fell by four basis points (0.04 percent) to 3.66 percent. Conforming 5/1 Hybrid ARM rates decreased by five basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an [...]

Source: http://feedproxy.google.com/~r/hsh/~3/iEzrAyl1wSQ/

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Consumers Taking on More Debt, More Cautiously

Consumers Taking on More Debt, More CautiouslyThe slowly improving economy has had a few starts and stops in recent months, but that hasn’t dissuaded consumers from ...

Source: http://www.credit.com/blog/2012/07/consumers-taking-on-more-debt-more-cautiously/

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Florida Mortgage Update for the Week of June 18, 2012

Mortgage markets improved last week, sending mortgage rates lower.
Related posts:
  1. Florida Mortgage Update for the Week of June 11, 2012 Mortgage markets worsened last week, breaking a multi-week winning streak...
  2. Florida Mortgage Update for the Week of March 12, 2012 Mortgage markets were mostly unchanged last week despite a series...
  3. Florida Mortgage Update for the Week of October 31, 2011 Mortgage markets moved across a wide range last week before,...

Source: http://www.floridamortgageblogger.com/2012/06/18/florida-mortgage-update-for-the-week-of-june-18-2012/

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United Real Estate Grand Opening Celebration ? 6.7.12

United Real Estate, Chicago hosted a grand opening celebration in its brand new Oakbrook Terrace office. Executives from the firm?s Kansas City headquarters, along with managing brokers from the Dallas, Houston and Philadelphia offices were also present at the celebration, where food and drinks will be served while guests saw the new facility.

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/PFq9bYNsMS4/

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More Taking on Student Loans, But Find Degree Is Worth Less

college-grad1These days, the cost of a college education is becoming more difficult for many Americans to live with, and fewer ...

Source: http://www.credit.com/blog/2012/07/more-taking-on-student-loans-but-find-degree-is-worth-less/

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Thursday, July 26, 2012

Mortgage Rates In Motion : Weekly MBS Prices At 5-Minute Intervals

Real-time mortgage market updates for July 20, 2012. Updates provided by MBSQuoteline, an MBS subscription provider for loan officers.

Click for the complete post : Mortgage Rates In Motion : Weekly MBS Prices At 5-Minute Intervals.

Source: http://feedproxy.google.com/~r/TheMortgageReports/~3/ezwqFDhdHCI/mortgage-rates-in-motion-weekly-mbs-prices-at-5-minute-intervals-10

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Time not on the side of older Americans in housing slump

CHICAGO (Reuters) - Prior to 2008, many baby boomers assumed they were set for retirement. They would fund those golden years by tapping into their homes if they hadn't saved enough in their 401(k)...

Source: http://feeds.reuters.com/~r/news/wealth/~3/I0wx85vwLe8/us-column-miller-foreclosures-idUSBRE86P1CE20120726

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No Surprise : Foreclosures Rising Post-$25 Billion Servicer Settlement

Foreclosures sold at an average 18% discount as compared to non-distressed homes last month.

Click for the complete post : No Surprise : Foreclosures Rising Post-$25 Billion Servicer Settlement.

Source: http://feedproxy.google.com/~r/TheMortgageReports/~3/zj0ZPXZITnk/no-surprise-foreclosures-rising-post-25-billion-servicer-settlement

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Study: Payday Loans Used for Expenses, Not Emergencies

payday-loan1Payday lending has long been a controversial topic in the financial industry because of both who the financing targets and ...

Source: http://www.credit.com/blog/2012/07/study-payday-loans-used-for-expenses-not-emergencies/

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Durable goods orders ex-transportation fall in June

WASHINGTON (Reuters)- - New orders for a range of long-lasting manufactured goods fell in June and a gauge of planned business spending plans dropped, pointing to a slowdown in factory activity.

Source: http://feeds.reuters.com/~r/news/economy/~3/YdM6HPo-7LA/us-usa-economy-durables-idUSBRE86P0Q720120726

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Koenig & Strey Adds Gallagher To Lincoln Park Office

Darlene Little, branch manager for Koenig & Strey Real Living, has announced the addition of broker Maureen Gallagher to their sales team, according to an issued press release.
Gallagher will join the Koenig & Strey Real Living family in their Lincoln Park office, bringing over 10 years of industry experience to her new position.
Gallagher, who has been a realtor since 1991, explains that she initially acted in theater productions prior to joining the real estate industry. She further explained that her father diversified in real estate, and it was because of ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/5NRzbVDR_8U/

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Wall Street?s hottest investment idea: Your house

FORTUNE –Your house might be a better investment than you think. At least Wall Street seems to think so. For a while now the conventional wisdom on real estate has been that while home prices might not fall much more, they aren’t likely to go up anytime soon either. The best personal finance advice, then, [...]

Source: http://stlhba.hbablog.com/2012/07/25/wall-streets-hottest-investment-idea-your-house/

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A-Lister Getaways: Malibu, Hamptons and South Beach (VIDEO)

If you're a celebrity, you're hitting the road for a pricey rental, or perhaps your vacation home in a few exclusive spots.

Source: http://feedproxy.google.com/~r/ZillowBlog/~3/jWaTxDvlAow/

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NAR Pending Home Sales Index Rises 5.9 Percent in May, MORe co-President Jack Persin on ?Brisk? Chicagoland Markets

The National Association of Realtors’ Pending Home Sale Index bounced back to positive territory in May, rising 5.9 percent to its highest level in two years.
With a reading of 101.1, the index is 13.3 percent higher than a year ago, when it was 89.2, and that’s the highest it’s been since April 2010, when contract activity increased from the first-time homebuyer tax credit.
Other details NAR singled out were:

Contract signings have increased year-over-year for 13 consecutive months.
The market is on track to see a 9 to 10 percent improvement in total ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/vaeFJ4lWmOM/

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Kleban Promoted To Co-Managing Broker Position

Realtor Barbara Kleban has been promoted to the position of Co-Managing Broker of Coldwell Banker Residential Brokerage’s two Evanston-based offices, according to a June 19 press release.
The announcement comes from several of Coldwell Banker Residential Brokerage’s dignitaries including President and COO of the brokerage, Fran Broude; North Shore Regional Vice President Patrick O’Rourke; and current Managing Broker Cornelia Steffes.
Kleban will co-manage the two Evanston-based offices with Steffes, which currently has a team of 112 licensed brokers. Kleban has four years of realtor experience under her belt, undertaking various roles at ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/wXdZRqQucmQ/

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