Mortgage rates lowest in nearly 4 years
Thursday, January 24th, 2008 Posted in Mortgage Information | No Comments »Freddie Mac reports 30-year, fixed-rate mortgages averaged 5.48 percent WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in ...
Homeowners rushing to refinance mortgages
Thursday, January 24th, 2008 Posted in Mortgage Information, Sudbury Real Estate | No Comments »Federal Reserve’s surprise rate cut sparked a refinancing boom NEW YORK - This week's surprise rate cut by the Federal Reserve not only held Wall Street and investors in thrall, it's also kicked into high gear a rush by homeowners across ...
Housing prices to free fall in 2008 - Merrill
Thursday, January 24th, 2008 Posted in Market Conditions | No Comments »According to a Merrill Lynch report, home prices will drop 15 percent this year, and declines will continue in 2009. NEW YORK (CNNMoney.com) -- The worst housing financial crisis in decades is only going to get worse, a Merrill Lynch report ...
It’s official: Prices fell in 2007
Thursday, January 24th, 2008 Posted in Market Conditions | No Comments »The median price of an existing U.S. home fell 1.4 percent last year, the National Association of Realtors reported today. It is the first drop in annual median prices since the NAR started reporting data in 1968, and possibly the ...
Lower mortgage rates alone won’t revive the ailing real estate sector
Thursday, January 24th, 2008 Posted in Boston Metrowest News, Mortgage Information | No Comments »Don't look for the Federal Reserve's rate cut to revive the housing market. Mortgage rates already sit near historic lows. But larger forces are aligned against a revival: Falling home prices, tighter lending standards, and rising unemployment all are limiting how ...
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