In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “Both economic indicators and mortgage rates came in mixed this week. While retail sales were stronger in September, consumer confidence fell below market expectations in October. Moreover, both the core consumer price index and producer prices for September […]
Mortgage Interest Rate Survey – June 1, 2007
In this week’s Mortgage Interest Rate Survey, according to Freddie Mac rates jumped another 5 basis points or .5/100%. “The interest rates on fixed-rate mortgages increased further following stronger growth in orders for durable goods,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Recent reports have indicated that economic growth outside of the […]
Mortgage Interest Rate Survey – May 25, 2007
In this week’s Mortgage Interest rate survey, according to Freddie Mac, rates jumped 10 basis points or 1/100%, as investors sold bonds on the market – the law of supply and demand causes bond prices to go down. When bond prices fall, bond yields rise, and mortgage rates follow the trend. Freddie Mac released its […]
What to know before you buy – Good info for first-time buyers and buyers relocating to Boca Raton
The softening Florida real estate market may signal some good news for first-time home buyers, and many others who have been shut out of the local real estate market due to sky-high home prices. But now, with more inventory on the market, lower fixed-rate mortgages, and sellers desperately cutting their asking prices, home buyers are […]
