Tag Archives: Mortgage Rates

Record High New Home Prices Have Room to Grow

Supplies of new and existing homes are at levels not seen since the frenzy of the last housing boom. The phenomenon is national and not just relegated to the former boom markets. April listings were down 41 percent from a … Continue reading

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Ellen DeGeneres Drops $26.5 Million to Mortgage a Swanky Santa Barbara Estate

It’s the season for home buying, and good thing mortgage rates are at an all-time low. Daytime television personality, Ellen DeGeneres, just spent $26.5 million for a new home in Santa Barbara, Calif. Ellen DeGeneres Spends Millions on New Home According to TMZ, Ellen … Continue reading

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Homes Selling at Fastest Pace Since Boom

While homes are certainly selling faster, double digit price gains are not considered healthy, especially when wage growth is nowhere near that. At some point buyers will hit the wall, unable to afford the homes they want. (Read More: US … Continue reading

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Vacation Home Sales Sizzle, Rentals Booking Fast

In the kitchy community of St. Michaels, on the Maryland shore, businesses are gearing up for the official start of the season, Memorial Day weekend. Trucks carrying dozens of bicycles are unloading into waterside racks and shopkeepers are moving their … Continue reading

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Why Rising Rates Are Rattling the Mortgage Market

“Underlying interest rates are moving higher, dragging mortgage rates along with them,” said Keith Gumbinger, vice president of HSH.com, a data and analytics site. “This has come as the result of somewhat better conditions in the labor market, helping investors … Continue reading

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Why Rising Rates are Rattling the Mortgage Market

“Underlying interest rates are moving higher, dragging mortgage rates along with them,” said Keith Gumbinger, vice president of HSH.com, a data and analytics site. “This has come as the result of somewhat better conditions in the labor market, helping investors … Continue reading

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Mortgage Lending Loosens…But Far From Loose

Rates have been trending lower of late due to trouble overseas and the weak U.S. employment picture. That uncertainty continues to send investors to the safety of the 10-year Treasury, pushing yields lower. Mortgage rates loosely follow those yields. But … Continue reading

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Southland Median Home Sale Price Climbs Again; Sales Rise Slightly Yr/Yr

WASHINGTON, D.C. – April 17, 2013 – (RealEstateRama) — The median price paid for a Southern California home hit a 56-month high in March, rising 23.4 percent from a year earlier as the impact of foreclosures continued to fade and … Continue reading

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Deep Freeze: Home Sales Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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Deep Freeze: Home Sales to Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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