Browse by Tags

All Tags » Market Review » Financials   (RSS)
27 February 2010
Economic Activity for the week
This morning's GDP revision for the 4th quarter came in a little higher or stronger than last month's previous estimate of 5.7%. Today's release showed a 5.9% rate of growth, meaning economic activity was stronger than many had thought . This Read More...
0 Comments  
08 January 2009
Rates Fall to Record Low of 5.01%
The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
0 Comments  
06 October 2008
Bail out--TO PASS OR NOT TO PASS?
That was indeed the question of the week...and the final answer came on Friday, as the House of Representatives followed the Senate's lead and passed the $700 Billion rescue plan. The week began with the House initially voting against the plan on Read More...
0 Comments  
14 July 2008
Prices are Rising-for four straight months!!
Prices have risen for four straight months. The median home price has fallen from a high of $230,200 in July 2006 to a low in February 2008 at $195,600, a drop of 15%. Since February, however, it has risen steadily every month. By May the index (which Read More...
0 Comments  
11 April 2008
2008:The Best Year to Buy a Home in 35 Years!
In April of 1973 , mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's Read More...
0 Comments  
03 April 2008
Good News!..Feb. 2008 Homes Sales in a Stable Range..
Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 2.9 percent to a seasonally Read More...
0 Comments