by Jim Crowder | Jan 7, 2013 | HOUSING MARKET
According to Freddie Mac, last week’s 30-year fixed mortgages averaged around 3.34%, which is down from the previous week when it averaged 3.35%. 15-year fixed rate mortgages last week averaged 2.64%, 0.7% down from the previous week. The 5-year Treasury-index...
by Jim Crowder | Jan 4, 2013 | HOUSING MARKET
Foreclosure rates have dropped from last year by 18% according to CoreLogic. In November 2011 foreclosure completions hovered around 72,000 compared to November 2012 when numbers fell 23%, reaching only 55,000 foreclosure completions. Mark Fleming, chief economist for...
by Jim Crowder | Jan 3, 2013 | HOUSING MARKET
Residential construction spending has steadily increased over the last 8 months, with November reaching 0.4 percent. Paul Ashworth, chief U.S. economist for Capital Economics said, “this is a volatile series month to month, the recent surge in housing starts...
by Jim Crowder | Jan 2, 2013 | HOUSING MARKET
2012 is being called a successful 12 months overall. The U.S housing market has picked up speed while financial institutes grow and businesses thrive. According to the National Association of Realtors, pending home sales have grown 3 months in a row and are now at...
by Jim Crowder | Dec 31, 2012 | HOUSING MARKET
2012’s final mortgage rate report showed that mortgage rates have fallen near record lows, keeping home prices low and home affordability at a significantly high percent. According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed rate...
by Jim Crowder | Dec 28, 2012 | HOUSING MARKET
Jobs are growing in the U.S as the number of Americans filing for unemployment aid drops. Last week, the unemployment aid requests dropped to nearly its lowest level in four years and six months. Employers are hiring at a quicker rate, and the claims data shows that...
