Mortgage rates, for the most part, headed lower this week. Data from Freddie Mac shows that the 30-year fixed rate remained unchanged over the past week, while all other loan products in the GSE’s survey dropped. The 5-year adjustable-rate mortgage set a new all-time record low having fallen for the eighth consecutive week. According to …
Continue reading ‘Mortgage Rates Remain at or Near Historic Lows’ »
In what Standard & Poor’s analysts described as a “welcome shift from recent months,” the closely watched S&P/Case-Shiller index showed its strongest positive movement since June of last year with the release of Tuesday’s report. The 20-city composite reading posted a 0.7 percent increase in April versus March. The 10-city composite was up 0.8 percent. …
Continue reading ‘Industry Insiders Weigh in on Case-Shiller Uptick’ »
The nation’s Capitol stands out as the “shining star” in nearly every market report that crosses the wire. Washington, D.C. has consistently defied the recent declines in home prices. The latest S&P Case-Shiller index upheld D.C. as the only city where home prices are increasing on both a monthly and annual basis. That coincided with …
Continue reading ‘Washington D.C.’s Housing Market Defies the Nation’s Norm’ »
According to a recent article in the Wall Street Journal, despite the gloom you hear, there are growing indications that it is a good time to buy. Mortgage rates, which fell to 4.55% for the week ending June 2, according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have …
Continue reading ‘The case for home ownership is looking stronger’ »