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The benchmark 30-year, fixed-rate mortgage edged up 4 basis points, to 5.8 percent , according to a national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of...
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Congress once again is considering new tax credits intended to lure wary homebuyers into the nation's sagging housing market. Washington lawmakers have proposed several separate bills laced with housing incentives. The plans differ, but key elements...
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Tuesday and Wednesday should also bring us a clearer picture of where things stand on the inflation front. Tuesday brings the wholesale price inflation measuring Producer Price Index (PPI) Report, while Wednesday delivers the inflation news on the retail...
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As I mentioned before, added supply has been one of the main culprits behind the recent sell-off in Bonds and corresponding climb in home loan rates . So where is that supply coming from? First, all those refinances you've heard about lately are actually...
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You can now find me: http://www.twitter.com/Realtor_SoCal Thanks! Tom...
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