Long-term mortgage interest rates were up Monday, and the benchmark 10-year Treasury bond yield held at 4.53 percent.
The 30-year fixed-rate average rose to 5.77 percent, and the 15-year fixed-rate climbed to 5.36 percent. The 1-year adjustable was up at 4.53 percent.
The 30-year Treasury bond yield remained at 4.7 percent.
The real estate market in Northern Colorado will mirror the national market, slowing down in 2006, but the industry here will still expand slightly as the state continues to see slight population influx, said David Lereah, chief economist for the National Association of Realtors.
“The real estate boom is over. But as you’ve seen in Colorado, […]
Just as folks are getting used to the idea of 40-year mortgages, securities issuers are upping the ante, talking about possible amortization schedules of 50 years, according to industry professionals.
“It’s a good idea for consumers,” said John Marcell, president of the California Association of Mortgage Brokers. “There’s nothing wrong with a 50- or 60-year mortgage.”
So […]
Home sales in the San Francisco area fell for the ninth consecutive month in December and the region’s median home price slipped from a record high in November as demand for the area’s pricey homes cooled, according to a report issued on Thursday.
December sales of new and resale homes and condominiums in the nine-county region, […]
Nine out of 10 home buyers still use a real estate agent to purchase a home, but use of the Internet to search for a home has risen dramatically over the past several years, transforming the way the real estate industry does business.
According to new figures from the National Association of Realtors (NAR), use of […]
Mortgage rates ticked higher this week as markets began to factor in another likely rate hike from the Federal Reserve next week, according to surveys conducted by Freddie Mac and Bankrate.com.
In Freddie Mac’s survey, the 30-year fixed-rate mortgage averaged 6.12 percent, with an average 0.5 point, for the week ended today, up from last week’s […]
By Kristin Roberts
WASHINGTON (Reuters) - Sales of existing U.S. homes dropped 5.7 percent in December to a 6.6 million unit rate, marking the third consecutive decline and hitting the lowest level since March 2004, according to trade group data on Wednesday that pointed to further slowing in housing.
But for the year, 7.072 million homes were […]
Buying a piece of America is out of reach for some, and hard to hold on to for others. In downtown Raleigh, some condos are going for $400,000 — a sign of soaring real estate prices. Some say the shift is pushing lower-income families out.
Many residents in downtown Raleigh are concerned about new, higher-priced homes […]
LOS ANGELES (MarketWatch) — Two years ago, Harriet Skarie and her family sold a labor-intensive 105-unit residential building for $8.725 million and paid tax on only half a million dollars of capital gains — even though the tax basis in the property was about $5 million. She and her family were so delighted, they did […]
Long Island home prices saw double-digit gains for the seventh straight year in 2005, according to the Multiple Listing Service of Long Island, but that streak could soon be over.
The average sale price of existing homes in Suffolk jumped 11.1 percent in 2005 to an average of $446,944. Nassau’s home prices saw similar gains, increasing […]