Atlas Mortgage

Pending Home Sales Index Posts Second Best Month Since April 2010

  After 3 consecutive months of growth, the housing market appears to have eased a bit in December. According to the National Association of REALTORS®, December’s Pending Home Sales Index slipped 4 percent from the month prior. The index measures the number of homes under c ...
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A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

Wednesday, the Federal Reserve’s Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The Fed Funds Rate has been near zero percent since December 2008. For the ...
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The Federal Reserve Meets Today : Mortgage Rates Expected To Mov

  The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year. The FOMC is a designated, rotating, 12-person committee within the Federal Reserve, led by Federal Reserve Chairman Ben Bernanke. Members of the FOMC ...
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Existing Home Sales Approach Bull Market Territory

The housing market finished 2011 with strength, and is carrying measurable momentum into 2012.  According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior o ...
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What’s Ahead For Mortgage Rates This Week : January 23, 2012

The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose from one week to the next. Data was strong across all categories last week. Home Resales :Existing Home Sales rose 5% New Homes : ...
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Behind The Housing Starts Headlines, The Story That Matters

  When it comes to housing data, sometimes you have to look past the headlines. December’s Housing Starts data offers a terrific illustration of why. Each month, the Census Bureau tallies Housing Starts for the month prior. A “housing start” is a home on which construction has started. ...
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