"Long-term mortgage interest rates were mostly flat Wednesday, and the benchmark 10-year Treasury bond yield dipped to 4.87 percent.
The 30-year fixed-rate average held at 5.98 percent, and the 15-year fixed rate edged up to 5.69 percent. The 1-year adjustable was also up at 5.69 percent.
The 30-year Treasury bond yield sank to 5 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5...." Real Estate News
Thursday, May 31, 2007
Real Estate Rates Steady
Real Estate Rates Steady
"Long-term mortgage interest rates were mostly flat Wednesday, and the benchmark 10-year Treasury bond yield dipped to 4.87 percent.
The 30-year fixed-rate average held at 5.98 percent, and the 15-year fixed rate edged up to 5.69 percent. The 1-year adjustable was also up at 5.69 percent.
The 30-year Treasury bond yield sank to 5 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5...." Real Estate News
Housing Correction Continues per Fed Reserve
"The correction in the US housing market will "probably persist longer than previously anticipated",
Federal Reserve policymakers judged at their last meeting, according to minutes released on Wednesday.The minutes show that Fed officials meeting on May 9 were concerned by the decline in new home sales and the rise in the inventory of unsold homes relative to the rate of turnover...." Housing Correction Continues
"Since May 9, new home sales have ticked sharply up. However, with median new home prices sharply lower and existing home sales weak, the Fed may still think housing adjustment is likely to be more drawn out than it originally thought.
Fed officials said they expected that a flattening out of house prices nationwide would produce a "gradual increase" in the savings rate over the medium term. ..."
Housing Correction Continues per Fed Reserve
"The correction in the US housing market will "probably persist longer than previously anticipated",
Federal Reserve policymakers judged at their last meeting, according to minutes released on Wednesday.The minutes show that Fed officials meeting on May 9 were concerned by the decline in new home sales and the rise in the inventory of unsold homes relative to the rate of turnover...." Housing Correction Continues
"Since May 9, new home sales have ticked sharply up. However, with median new home prices sharply lower and existing home sales weak, the Fed may still think housing adjustment is likely to be more drawn out than it originally thought.
Fed officials said they expected that a flattening out of house prices nationwide would produce a "gradual increase" in the savings rate over the medium term. ..."
Thursday, May 24, 2007
Home Sales Soar
Sales of new homes surged in April by the biggest amount in 14 years, but the median price of a new home dropped by the largest amount on record. The mixed signals left no clear picture of whether the worst of the nation's housing slump is over....Home Sales Soar
Home Sales Soar
Sales of new homes surged in April by the biggest amount in 14 years, but the median price of a new home dropped by the largest amount on record. The mixed signals left no clear picture of whether the worst of the nation's housing slump is over....Home Sales Soar
Keep Cool While on the Road
Preparedness starts before you leave the drive way. Many extra cars will be on the road this summer. Accidents can happen at any time. Here are 10 steps to be prepared for an Auto Accident
- Put a disposable camera and pen, paper in your glove box.Car insurance claims can be settled more quickly with good documentation.
- Move your vehicle out of the roadway
- Turn on Flashers or Emergency Lights
- Check for injuries in the vehicle. If there is an injury call 911 immediately.
- Call local police to report the accident.
- Call your insurance company to report the accident.
- Start documenting what happened.
- Exchange Insurance Company Information
- Exchange vital information.
- DRIVE SAFELY
Keep Cool While on the Road
Preparedness starts before you leave the drive way. Many extra cars will be on the road this summer. Accidents can happen at any time. Here are 10 steps to be prepared for an Auto Accident
- Put a disposable camera and pen, paper in your glove box.Car insurance claims can be settled more quickly with good documentation.
- Move your vehicle out of the roadway
- Turn on Flashers or Emergency Lights
- Check for injuries in the vehicle. If there is an injury call 911 immediately.
- Call local police to report the accident.
- Call your insurance company to report the accident.
- Start documenting what happened.
- Exchange Insurance Company Information
- Exchange vital information.
- DRIVE SAFELY
Tuesday, May 22, 2007
NAR counters segment on Discount Agents
NAR countsers segment on Discount Agents:
"It didn't take the National Association of Realtors (NAR) long to come out swinging at CBS after the network aired a report on discount real estate brokers. The report, anchored by Leslie Stahl was aired on 60 Minutes last Sunday and can be seen in its entirety by visiting our the video link at the bottom of this article.
NAR certainly has some reasons to be aggrieved. Stahl started her segment by stating that real estate agents pulled in $60 billion in commissions last year. "They charge," she said, "a 6 percent commission on the price of every house they sell." She called the 6 percent "sacrosanct" and "sacred" and said that the rate has remained constant even as the price of houses had quadrupled over the years...."from Mortgage News Daily
NAR counters segment on Discount Agents
NAR countsers segment on Discount Agents:
"It didn't take the National Association of Realtors (NAR) long to come out swinging at CBS after the network aired a report on discount real estate brokers. The report, anchored by Leslie Stahl was aired on 60 Minutes last Sunday and can be seen in its entirety by visiting our the video link at the bottom of this article.
NAR certainly has some reasons to be aggrieved. Stahl started her segment by stating that real estate agents pulled in $60 billion in commissions last year. "They charge," she said, "a 6 percent commission on the price of every house they sell." She called the 6 percent "sacrosanct" and "sacred" and said that the rate has remained constant even as the price of houses had quadrupled over the years...."from Mortgage News Daily
Construction, Mortgage Sectors hit by lay off
Construction and Mortgage Jobs are down as a result of the slow down in the housing market. 45,000 residential housing construction jobs were eliminated in 2006.
"We can insure your rental property, investment property, vacant home today, call Dick Watts Insurance @ 502-245-3625 for a free quote" Dick Watts Insurance"The downturn in the housing market appears to have caused more layoffs in construction and mortgage lending than real estate sales, the Mortgage Bankers Association reports.
"In a new analysis, "Trends in Housing-Related Employment," MBA researchers say that 45,000 residential housing construction jobs were eliminated in 2006, while employment in the mortgage lending industry in March was down by 19,000 jobs from a year ago.
Meanwhile, industries related to home sales experienced a net job gain averaging 6,900 a month in 2006, the MBA reports.
Dick Watts Insurance 502-245-3625 Rental Property
Insurance, Vacant Home Insurance, Landlord Liability
MBA researchers expect housing starts and home sales will "continue to moderate well into the first half of the year, reaching their troughs around the end of the third quarter or the beginning of the fourth."
Housing related employment will continue to decline in 2007, .." from Real Estate News
Link to Recent Employment Report
Construction, Mortgage Sectors hit by lay off
Construction and Mortgage Jobs are down as a result of the slow down in the housing market. 45,000 residential housing construction jobs were eliminated in 2006.
"We can insure your rental property, investment property, vacant home today, call Dick Watts Insurance @ 502-245-3625 for a free quote" Dick Watts Insurance"The downturn in the housing market appears to have caused more layoffs in construction and mortgage lending than real estate sales, the Mortgage Bankers Association reports.
"In a new analysis, "Trends in Housing-Related Employment," MBA researchers say that 45,000 residential housing construction jobs were eliminated in 2006, while employment in the mortgage lending industry in March was down by 19,000 jobs from a year ago.
Meanwhile, industries related to home sales experienced a net job gain averaging 6,900 a month in 2006, the MBA reports.
Dick Watts Insurance 502-245-3625 Rental Property
Insurance, Vacant Home Insurance, Landlord Liability
MBA researchers expect housing starts and home sales will "continue to moderate well into the first half of the year, reaching their troughs around the end of the third quarter or the beginning of the fourth."
Housing related employment will continue to decline in 2007, .." from Real Estate News
Link to Recent Employment Report
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