Bob Mowen's (bobm515) Blog

According to an article in USA Today: Rates on 30-year mortgages today dropped below the 6% mark for only the second time in more than two years. Freddie Mac, the mortgage company, said today that 30-year, fixed-rate mortgages averaged 5.87% this week.That was down from 6.07% last week and was th...

An article in todays's local paper revealed some interesting facts: Litchfield County single-family home sales: In 2006 a total of 2,322In 2007 a total of 2,096, for a 9.7 percent decline.Fairfield County single-family home sales: In 2006 a total of 8,571In 2006 a total of 8,120, for a 5.3 percen...

I realize most of my blogs are filled with bad news, but what can I say, much of the news (concerning real estate) is not so good.The Labor Dept released the latest figures on Fri: The jobless rate is 5 percent. This is an ominous sign that the economy could be heading for a recession. This news ...

An recent article in the local paper by an AP business writer was very interesting. To avoid copyright issues I am paraphrasing what was written.He wrote that the upside to the housing slump is cheaper homes, but it seems that many buyers don't see bargains quite yet.On Dec 26th, the US Standard ...

According to an article in today's local CT paper, sales of previously owned homes nudged up in November.NAR reported Monday that sales of existing single-family homes, condos, and townhouses rose 0.4 percent in November from October. Even with the small increase, the pace of sales was still the ...