David Lukas

Banks Start To Loosen Up In Underwriting

by David Lukas February 3, 2012

After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.

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Home Affordability Threatened By Friday’s Jobs Report

by David Lukas February 2, 2012

It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.

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Case-Shiller Index Says Detroit And Washington DC Lead The Market

by David Lukas February 1, 2012

According to the Case-Shiller Index, home values fell in 19 of 20 tracked markets in November 2011.

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Supply Of New Homes At 6.1 Months Nationwide

by David Lukas January 31, 2012

According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.

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What’s Ahead For Mortgage Rates This Week : January 30, 2012

by David Lukas January 30, 2012

Conforming mortgage rates rallied from Wednesday through Friday’s close, ending the week near all-time lows set earlier this year.

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Pending Home Sales Index Posts Second Best Month Since April 2010

by David Lukas January 27, 2012

The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.

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A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

by David Lukas 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.

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The Federal Reserve Meets Today : Mortgage Rates Expected To Move

by David Lukas January 25, 2012

The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year.

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Existing Home Sales Approach Bull Market Territory

by David Lukas January 24, 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 on its way to an 11-month high.

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What’s Ahead For Mortgage Rates This Week : January 23, 2012

by David Lukas 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.

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