Mortgage Rates Move Even Lower This Week

Mortgage Rates Move Even Lower This Week Fixed and adjustable-rate mortgages sank to new lows for the year, continuing a downward spiral for the eighth straight week, Freddie Mac reports in its weekly mortgage market survey. Here’s a closer look at how rates fared for the week: ▪ 30-year fixed-rate mortgages averaged 4.49 percent this…

Details

Study: Tough Times Ahead for Rental Market

Study: Tough Times Ahead for Rental Market While there appears to be an excess in rental housing presently, renters will likely find a very challenging rental market in the months ahead as vacancy rates vanish and rents rise, warns The Harvard Joint Center for Housing Studies in its latest report on America’s rental housing. Contributing…

Details

On Housing, Don’t Believe the Doom

On Housing, Don’t Believe the Doom Non-distressed properties sold by voluntary sellers have started to stabilize. That’s a sign that the worse could be over, Ajay Rajadhyaksha, the co-head of U.S. fixed income strategy at Barclays Capital, said in a research note on Friday. An increase in voluntary sales over the summer should lead to…

Details

Mortgage Rates Reach Another Low for 2011

Mortgage Rates Reach Another Low for 2011 For nearly two months, mortgage rates have been steadily dropping, and this week rates reached another low for the year, Freddie Mac reports in its weekly mortgage market survey. Here’s a closer look at average mortgage rates for the week: 30-year fixed-rate mortgage: The most popular financing choice…

Details

Americans: Home Ownership Still a Great Investment

Americans: Home Ownership Still a Great Investment Seventy-five percent of Americans say that “owning a home is the best long-term investment they can make and is worth the risk of ups and downs in the housing market,” according to a new survey of 2,000 bipartisan voters by the National Association of Home Builders. Despite their…

Details

Nationwide Open House Kicks Off This Weekend

Nationwide Open House Kicks Off This Weekend Real estate professionals across the country–and worldwide–will hold open houses thisweekend in their local communities to spotlight home ownership aspart of the 2011 REALTOR® Nationwide Open House event. About 250 local associations from 30 states will be participating in an event designed to build buyer momentum around home…

Details

Buyers Better Hurry: Rates Reach New Lows

Buyers Better Hurry: Rates Reach New Lows For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent, Freddie Mac reports in its weekly mortgage market survey. Meanwhile, the National Association of Home Builders reported…

Details