mortgage rates: July Existing-Home Sales Fall, But Prices Rise
- 09/05/10 06:16 AM
NAR Daily Real Estate News Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of REALTORS®.Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009. Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales - accounting … (0 comments)
mortgage rates: Modest Inflation Expectations Allow Mortgage Rates to Once Again Set New Record Lows
- 09/03/10 04:05 PM
For Immediate Release For Immediate Release: Freddie Mac September 2, 2010Contact: corprel@freddiemac.comor (703) 903-3933 McLean, VA - Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005.) News Facts 30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0.7 point for the week ending September 2, 2010, down from last week when it averaged 4.36 percent. Last year … (1 comments)
mortgage rates: Facing foreclosure? New Fannie Mae website helps consumers..........
- 09/01/10 12:33 AM
Fannie Mae launched a new website to help consumers understand their options when facing foreclosure and the possible loss of their home. Called KnowYourOptions.com , it outlines the choices available to homeowners struggling to make mortgage payments, and provides guidance on how they can contact and work with their mortgage company to find a backup plan. KnowYourOptions.com provides information in both English and Spanish. Features include: Interactive Options Finder helps homeowners identify options. Calculators help borrowers understand how many of the options would work in their situation, including calculations about refinance, repayment, forbearance, and modification. Videos feature real homeowners discussing how … (0 comments)
NAR Daily Real Estate News 
;)
;)
