Weekly Motgage Update: LABOR MARKET CAUSES LONG TERM MORTGAGE RATES TO INCH UP
Saturday, August 15
30-year fixed-rate mortgage: Averaged 5.29 percent with an average 0.7 point for the week ending August 13, 2009, up from last week when it averaged 5.22 percent. Last year at this time, the 30-year FRM averaged 6.52 percent.The 15-year fixed-rate mortgage: Averaged 4.68 percent with an ...
Weekly Freddie Mac Update
Saturday, August 08
30-year fixed-rate mortgage: Averaged 5.22 percent with an average 0.6 point for the week ending August 6, 2009, down from last week when it averaged 5.25 percent. Last year at this time, the 30-year FRM averaged 6.52 percent. The 15-year fixed-rate mortgage: Averaged 4...
Freddie Mac Weekly Update: Mortgage Rates Rise
Thursday, July 30
30-year fixed-rate mortgage: Averaged 5.20 percent with an average 0.7 point for the week ending July 23, 2009, up from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 6.63 percent. 15-year fixed-rate mortgage this week: Averaged 4.68 percent with an av...
The Great Recession and the Housing Market
Saturday, July 25
The housing market is showing clear signs of stabilization. Existing home sales: were up 3.6 percent in June, while condo sales surged 14.0 percent. This has been the longest string of sales increases since 2004, quite a healthy upturn. see chart here Foreclo...
Strategic Defaults: When People Walk Away
Saturday, July 18
Housing in a nutshell: Foreclosures up. Sales up. Prices down. New research by Paola Sapienza of Northwestern University and Luigi Zingales from the University of Chicago, provide interesting insight into the foreclosure tsunami.In the 1990-91 recession the study found that very few people w...
Weekly Freddie Mac Update:
Thursday, July 16
MORTGAGE RATES DOWN: FOR THIRD CONSECUTIVE WEEK 30-year fixed-rate mortgage: Averaged 5.14 percent with an average 0.7 point for the week ending July 16, 2009, down from last week when it averaged 5.20 percent. Last year at this tim...