What's Ahead For Mortgage Rates This Week : December 21, 2009Mortgage markets improved last week as pricing followed a roller coaster-like pattern. After touching a 6-week high Tuesday, rates rallied to weekly lows Thursday, and then jumped back higher Friday.
Despite the improvement last week overall, mortgage pricing remains significantly worse from the all-time lows set in late-November.
There's A Very Good Reason Why The New Home Sales Data Plunged In NovemberOne day after November's Existing Home Sales report blew away estimates, the Census Bureau's related New Homes Sales report failed to impress. In a lackluster showing, New Home Sales dropped 11 percent in November, falling to the lowest levels since April. Furthermore, the all-important "months of supply" climbed by a half-month to 7.9. But there's a very good reason why.