Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.87 percent with an average 0.5 point for the week ending March 20, 2008, down from last week when it averaged 6.13 percent. Last year at this time, the 30-year FRM averaged 6.16 percent. FULL STORY->
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Daily News And Advice
Updated 01:00 AM CDT Today
Investor Report: Timber Property
According to data compiled by Timber Mart-South, a research foundation at the University of Georgia, rising global demand for certain timber products pushed prices for hardwood pulpwood up by 33.6 percent from the third quarter of 2006 through the third quarter of 2007. FULL STORY->
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Long-Term Mortgage Rates Plummet
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.87 percent with an average 0.5 point for the week ending March 20, 2008, down from last week when it averaged 6.13 percent. Last year at this time, the 30-year FRM averaged 6.16 percent. FULL STORY->
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Real Estate Outlook: Fed Rate Cut
There's no other way to put it: Things got pretty tense in the financial markets earlier this week - with the Federal Reserve's dramatic steps to inject billions of dollars of liquidity on Wall Street, plus the failure of giant investment bank Bear Stearns. So what might all this mean for home buyers and sellers? FULL STORY->
Interest Rate Update
Today's Interest Rates from Realty Times are based on a 30 year amortization rate, with good credit and no origination fees. Mortgage bonds have been on a rally as of late, driving interest rates lower. FULL STORY->
Regional Report: West
The real estate market in the West of the United States has certainly seen its share of troubles over the past 18 months. Foreclosures and short sales are rampant in California, the veritable epicenter of the mortgage meltdown. FULL STORY->
Realty Viewpoint: Feds Unclog Mortgage Drain
The Office of Federal Housing Enterprise Oversight (OFHEO), Fannie Mae and Freddie Mac have agreed to a $200 billion bottle of Drano that will help to unclog the gunk clogging lending pipelines, but will it be enough to save the spring selling season? FULL STORY->
Market Conditions: Southwest Missouri
Ardie Hawkins, our market expert for Southwest Missouri and North Central Arkansas, says there are some tremendous opportunities in the residential market right now. FULL STORY->
How are Property Taxes Assessed?
askrtdaily FULL STORY->
People Buy Outcomes
When prospects begin thinking about buying a home, they first try to imagine themselves enjoying the home in the future. They start fantasizing about the possible benefits of living in it. These fantasies are influenced by past experiences they've had with other homes they've owned, rented or visited. FULL STORY->
Location Can Dictate Maintenance Chores
Where a home is located will often dictate some of the home maintenance chores you can expect to perform. A home inspection can help ferret out those chores. FULL STORY->
What Do I Need to Know about the Plumbing?
Columnist Brett Kayzar gives a helpful overview of your home's plumbing and what to be on the lookout for. FULL STORY->
Is It Time For A Mortgage Product Recall?
If we can recall lead-covered toys and autos that are defective, why not toxic loans? Columnist Peter G. Miller looks at the case for mortgage product accountability. FULL STORY->
Condo Trends: Slow Housing Market Good for Rentals
Realty Viewpoint: Paulson's Sweat Drenches News Over Sharp "Down-cline"
Regional Report: South
Market Conditions: Sugar Land, Texas
Mortgage Moment: Pre-Payments Save on Interest
Can I Deduct Mortgage Interest From Taxes?
Developing Supplemental Revenue Streams in a Down Real Estate Market
Painting Your House
San Diego Real Estate Market in 2008 - Just When You Thought The Worst Was Over!
Ask the HOA Expert
Counselors Say Lenders Foreclose Rather Than Modify Mortgages
New Homes: Pools for All Seasons
Realty Viewpoint: USA Today Names Sexiest Economic Forecasters Alive
Market Conditions: Coastal Georgia
What's the Difference Between Single Family Attached and Detached?
Working with Buyers of Distressed Real Estate
Audit Red Flags: The Ones You Don't Want to Wave
How to Avoid Being a Victim of Fraud
Washington Report: VA Loans for Veterans Overlooked
Wild, Wild West: San Jose's Solar Home Sales Sizzle
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CURRENT
MORTGAGE RATES
| Interest Rate Watch | 30 yr fixed: | 6.13% | | 15 yr fixed: | 5.60% | | 1 yr adj: | 5.14% |
(U.S. Daily Averages) |
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| Paul Stillwaggon & Pat Cornish
908-561-5492,
Luxury Custom New &
Pre-Owned Homes
E-mail: njestates@earthlink.net
Web: http://www.newjerseyestates.net/
908-561-5492 (Paul) 908-310-1358 (Cell)
908-561-6499 (Pat) 908-578-0890 (Cell) |
| Weichert Realtors
New Jersey Estates
908-561-5400
55 Stirling Road, Watchung, N.J. 07069
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Equal Housing Opportunity
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