One year ago, the interest rate on a 30-year fixed conforming and FHA loan was 4.875%, an incredibly low rate. However, the rate for those same loans today stands at only 5.125%, a mere ¼ point increase. With the 7.5% decrease in median home value in Truckee for homes in the conforming price range in [...]
Thursday, September 17, 2009
Interest rates on home mortgages dropped again with the 30-year fixed-rate mortgage averaging 5.08%. Check out this article in the Wall Street Journal.
Friday, February 13, 2009
How is it going so far in 2009? Will luxury homes get a “bailout”? Most likely, not. What’s a Seller to do? If you don’t have to sell your multimillion dollar home in the next year, then wait. If you are on the market and need to move within a year then sharpen your pencil [...]
Friday, January 9, 2009
Once again it’s the time of year for predictions – what will happen in real estate in 2009? I can’t find my crystal ball, but I’d like to make a few comments about mortgage financing and interest rates in the coming year. First of all, be prepared to provide proof that you can support a mortgage [...]
Saturday, December 20, 2008
Finally, some good real estate news! My colleagues and I have been shouting from the rooftops that now and the upcoming months are the perfect time to buy real estate, now we have one more reason to urge on the fence buyers into the marketplace. “Despite good-faith efforts by both the private and public sectors, the foreclosure [...]
Saturday, March 29, 2008
Tumultuous and volatile have been two words that we’ve used a lot to describe the mortgage business and interest rate environment this year, but this past week was fairly calm in comparison, with interest rates varying only by about .25% during the week. Interest rates are determined by the pricing of mortgage bonds (also called [...]
Saturday, January 16, 2010
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