New Home Sales were reported at 10am ET – and the latest trends for housing have shown encouraging signs. Back in January, the inventory levels reached a high of 12.4 month supply. And although today's number showed 7.5 month supply, which is worse than last months 7.3 reading, it is still a big improvement from where we were in January.
Senate negotiators are still working on the passage of a bill that would extend the First Time Homebuyer tax credit, but were unable to get a final vote completed yesterday.
Bill Gross said on CNBC this morning that the Fed will eventually stop purchasing Mortgage Bonds, which could lead to lower Bond prices…and higher interest rates ... now is the time to refinance!
No comments:
Post a Comment