CNN Money has a great article:
Home prices heading for triple-dip
NEW YORK (CNNMoney) -- The besieged housing market has even further to fall before home prices really hit rock bottom.
According to Fiserv (
FISV), a financial analytics company, home values are expected to fall another 3.6% by next June, pushing them to a new low of 35% below the peak reached in early 2006 and marking a triple dip in prices.
Several factors will be working against the housing market in the upcoming months, including an increase in foreclosure activity and sustained high unemployment
,explained David Stiff, Fiserv's chief economist.
Should home values meet Fiserv's expectations, it would make it the third (and lowest) trough for home prices since the housing bubble burst.
Read the entire article here....
...read full post
REALTOR Magazine: 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.
...
...read full post
Maybe this will help....mortgage rates went down again last week.
- 30-year fixed-rate mortgage (FRM) averaged 4.80 percent with an average 0.7 point for the week ending April 21, 2011, down from last week when it averaged 4.91 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.
- 15-year FRM this week averaged 4.02 percent with an average 0.7 point, down from last week when it averaged 4.13 percent. A year ago at this time, the 15-year FRM averaged 4.39 percent.
- 1-year Treasury-indexed ARM averaged 3.16 percent this week with an average 0.6 point, down from last week when it averaged 3.25 percent. At this time last year, the 1-year ARM averaged 4.22 percent.
You could not be in a better position to buy right now. Prices are at an all-time low and money is cheap!
Are you looking for a first home? second? vacation home? There are some incredible deals here on Longboat Key. Still can't decide? Call Robbie or myself and we...
...read full post
Mortgage rates has steadily increased over the last 3 weeks. Although the average rate is still hovering under 5% it is a good indication of the condition of the market. If you would like to see the latest report from FreddieMac,
check out this story....
...read full post
RISMEDIA is reporting today that mortgage rates posted a sharp decline, with the benchmark conforming 30-year fixed mortgage rate falling to 4.91%, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.38 discount and origination points.
To see mortgage rates in your area, go to
www.bankrate.com/funnel/mortgages.
The average 15-year fixed mortgage dropped to 4.12%, and the larger jumbo 30-year fixed rate retreated to 5.46%. Adjustable rate mortgages were mostly lower also, with
the average 5-year ARM sinking to 3.74% and the 7-year ARM pulling back to 4.10%.
If you are thinking of buying a home that you will be in less than five years, what an incredible chance to own a home for a low monthly rate.
Read the complete article here....
...read full post
Good news for all those still thinking of buying. Many analysts are reporting we are at the bottom of the market and should see it start to rise soon. Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates holding steady and below 5.0 percent.
See the entire report here if you are thinking of buying sometime this year....
...read full post
