interest rates: RATES UP still leaves room for FLEXIBLE lending and LOWER PAYMENTS
- 06/09/07 07:10 AM
Current Price of FNMA 5.5% Bond: $96.09, -12bp Just how bad was it yesterday? Mortgage Bond prices saw their sharpest single-day loss in three years. Investors sold off their positions in US Bonds on the news of Central Bank rate hikes in other countries, as these hikes make other global investments more attractive in relation to US Bonds, and therefore diminish the demand for our Bonds. But it was not other Central Banks hiking rates that caused the extreme reaction - it was that this event was the proverbial "straw that broke the camels back". We knew the floor of support from two days ago was (0 comments)
interest rates: Buying a home in King County: PRICES STILL RISING?
- 06/08/07 06:53 AM
The majority of single-family homes sold within Seattle last month went for more than the asking price, an analysis by Windermere Real Estate shows. That trend in Seattle was strongest for two-bedroom houses. Less expensive because of their small size, they're in high demand as "starter homes." They brought an average 100.43 percent of their asking price, Windermere found. Three-bedroom houses - the largest percentage of sales - on average sold for 100.25 percent of asking. Only five-bedroom houses in Seattle, which as a group are larger and more expensive, sold for less: 97.6 percent of the original asking price. Buoyed (2 comments)
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