RECENT BLOG POSTS
30-year fixed-rate mortgage: Averaged 4.69 percent with an average 0.7 point for the week ending June 24, 2010, down from last week when it averaged 4.75 percent. Last year at this time, the 30-year FRM averaged 5.42 percent. The 15-year fixed-rate mortgage: Averaged 4.13 percent with an average...
06/24/2010
Mortgage Bankers Association for the week of 6/23/2010 Market Composite Index: (loan application volume) decreased 5.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.0 percent compared with the previous week Refinance Index: decrea...
06/24/2010
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Its not just location location in this market. Much more complex issues drive value of both residential and investment property. When serious damage is done to an asset class and there is a big re-think regarding its true worth, no one truly knows what its worth, past assumptions may no longer be...
06/19/2010
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If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound," said Eric S. Belsky, executive director of Harvard's Joint Center for Housing Studies. Jobs keep homeowners out of foreclosure and help others feel confident enough to buy. see chartMonthly...
06/16/2010
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Mortgage Rates Nearly Unchanged 30-year fixed-rate mortgage: Averaged 4.79 percent with an average 0.8 point for the week ending June 3, 2010, up slightly from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.29 percent. The 15-year fixed-rate mortgage:...
06/03/2010
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April from an upwardly revised 5.36 million in March, and are 22.8 percent higher than the 4.70...
06/01/2010
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The recent Case Shiller report shows price declines in front of the tax credit completion...The index gives us a slight 0.38% decline in the top ten market composite. Year over year the index is up 3.15% when compared to March 09. Recent strong price moves will come to a serious halt because the ...
05/27/2010
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With house prices expected to slid and unemployment to rise substantially further, this third foreclosure wave will grow larger. If house prices fallanother 10% over the coming year,as Moody’s Economy.com currently forecasts, an estimated 18.6 million homeowners could be underwater.More to ComeEv...
05/26/2010
Mortgage Bankers Association for the week of 5/19/2010 Market Composite Index: (loan application volume) decreased 1.5 percent on a seasonally adjusted basis from one week earlier. Refinance Index: increased 14.5 percent from the previous week and the seasonally adjusted Purchase Index decrea...
05/22/2010
30-year fixed-rate mortgage: Averaged 4.84 percent with an average 0.7 point for the week ending May 20, 2010, down from last week when it averaged 4.93 percent. Last year at this time, the 30-year FRM averaged 4.82 percent. Once again, the 30-year FRM has not been lower since the week ending De...
05/22/2010