Blog - Page 37 of 338 - Critter Skimmer

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Housing MarketHousing Market

NAHB: Builder Confidence Outstrips Pre-Bubble Highs

Home builders surveyed by the National Association of Home Builders expressed their highest level of confidence in housing markets since 1999. The index reading for housing market conditions in December hit 74, which exceeded November's reading of 70. Analysts expected a flat reading of 70 for December. Readings over 50 indicate improvement in housing market conditions. The three component readings used to comprise the Housing Market Index also rose in December. Builder confidence in current market conditions rose four points for a reading of 81; builder confidence in housing market conditions over the next six months rose three points to…

Mortgage 101: Understanding ‘PITI’ and What Goes in to Your Monthly Payments

Ask any friend or family member that owns a home and they will share that it takes a bit of management to keep all the expenses under control. Let's explore the concept of PITI and why it is vital to have a clear picture of how much your home is costing you each month. Just What Is PITI, Anyway? PITI is an acronym that stands for "principal, interest, taxes and insurance," which are the four main components that make up your housing costs. Principal - this is the amount that you are paying against the total amount that you borrowed…

What’s Ahead For Mortgage Rates This Week – December 18, 2017

Last week's economic reporting included readings on inflation, core inflation and the Post-meeting statement of the Fed's Federal Open Market Committee. Fed Chair Janet Yellen also gave a press conference; weekly readings on mortgage rates and new jobless claims were also released. Inflation Rises in November U.S. inflation rose by 0.30 percent to 0.40 percent in November; October's reading was 0.10 percent and November's reading met analysts' expectations. Core Consumer Price Index readings for November posted a gain of 0.10 percent, which fell short of the expected reading and October's reading of 0.20 percent. Core CPI readings are less volatile…