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aptos: Investor's are back in the market - 02/09/10 01:24 PM
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aptos: Mortgage Rate Outlook - 06/16/09 09:12 AM
Mortgage Rate Outlook May 29, 2009 -- Bond and mortgagemarkets spasmed this week, andthe corresponding sharp rise inrates over a two-day period servedas a reminder that even a batteredprivate market markets can be adangerous animal. It wasn't completelyclear what sparked the rout,but there was speculation that acombination of unclear goals inFederal Reserve quantitative easingprograms, floods of new sovereigndebt and shoddy treatment of GMbondholders all led to the selloff.Yields on the 10-year Treasurybond had lifted by just over half apercentage point in a few days'time, taking conforming fixed mortgagerates along for the ride. Afterstanding at a familiar 5.03% onTuesday, Conforming 30-yearFRMs leapt … (0 comments)
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aptos: Mortgage Rate Outlook - 02/10/09 09:52 AM
Feb. 6, 2009 -- Mortgage rates moved alittle higher amid the raging "stimulus"debate. It seems to us that more thanone factor is the cause behind themild lift in rates, not the least ofwhich are glimmers of hope amid theeconomic data.HSH's overall average for the week,our Fixed-Rate Mortgage Indicator --inclusive of conforming, jumbo and'expanded conforming' interest rates -- rose by eight basis points (.08%),finishing the week at 5.94%. Theoverall 5/1 Hybrid ARM averagemoved .06 upward, landing at aweek-ending value of 5.67%. Conforming30-year FRMs trudged upwardby nine basis points, whileJumbo 30-year FRMs actually declinedto 6.83% for the period.One of the factors pressing interestrates … (0 comments)
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aptos: CBIA Pressing for Housing Stimulus Measure - 02/10/09 09:49 AM
Sacramento (Feb. 3) E Housing productionin California in 2009 is expectedto decrease from the alreadyrecord-low numbers seen in2008, the California Building IndustryAssociation announced today,leading CBIA officials to strengthenthe call to state and federal lawmakersto enact a homebuyer taxcredit in hopes of reinvigorating thehousing market and the economy.The Association is forecasting just63,400 units will be produced in2009, a 3 percent decrease fromthe record-low 65,380 units producedin 2008. In comparison, thelow point of the homebuilding recessionin the early 1990s was84,656 units in 1993, while theworst year during the recession ofthe early 1980s was 85,656 in1982. To meet the need for newhousing generated by … (0 comments)
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aptos: Santa Cruz County Home Sales Rise Seventh Month in a Row - 02/10/09 09:46 AM
Sales of single-family, re-salehomes were up, year-over-year, by21.5% in January. We expect thismomentum to continue asthe market works its waythrough the glut of bankownedproperties.The median price for reversedcourse, again, andfell 1.7% from December.Since September, the medianprice has gone up,down, up, down. This isusually a sign the market is lookingfor a bottom. The median price wasdown 27% year-over-year.Inventory was down 21.6% fromlast December. This is the ninthmonth in a row inventory has declinedyear-over-year.In spite of the decline in inventory,and because home sales weredown 29.5% month-over-month, ourDays of Inventory indicator regainedthe 71 days it had shed inDecember and is now back at 284days. … (0 comments)
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Charles Lynn
Santa Cruz,
CA
More about me…
David Lyng Real Estate
Address: 2170 41st Ave., Capitola, Ca, 95010
Office Phone: (831) 464-0100
Cell Phone: (831) 247-4577
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