Your Property Path's Blog (51)

30-year fixed-rate mortgage: Averaged 4.57 percent with an average 0.7 point for the week ending July 8, 2010, down from last week

when it averaged 4.58 percent. Last year at this time, the 30-year FRM

averaged 5.20 percent. This rate is yet another all-time low in Freddie

Mac’s 39-year survey.



The 15-year fixed-rate mortgage:

Averaged 4.07… Continue

Market Composite Index: (loan

application volume) increased 6.7 percent on a seasonally adjusted basis

from one week earlier. On an unadjusted basis, the Index increased 6.5

percent compared with the previous week.…



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Market Composite Index: (loan application volume) increased 6.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.5 percent compared with the previous week.…



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Market Composite Index: (loan application volume) increased 8.8 percent on a seasonally adjusted basis from one week earlier.



Refinance Index: increased 12.6 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 22, 2009.



Purchase Index: decreased 3.3 percent from one… Continue

Market Composite Index: (loan application volume) increased 8.8 percent on a seasonally adjusted basis from one week earlier.



Refinance Index: increased 12.6 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 22, 2009.



Purchase Index: decreased 3.3 percent from one… Continue

The U.S. House has passed a bill giving home buyers an extra three months to complete their purchases and still qualify for a generous tax credit.The Senate is working to reach an agreement with Republicans to pass the House-passed homebuyer tax credit closing date extension early as today.



Although the case shiller index came in suggesting a fragile recovery is waning, it didnt include the sales figures representing market behavior after the end of the homebuyers tax credit.… Continue

Market Composite Index: (loan application volume) decreased 5.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.0 percent compared with the previous week



Refinance Index: decreased 7.3 percent from the… Continue

30-year fixed-rate mortgage: Averaged 4.69 percent with an average 0.7 point for the week ending June 24, 2010, down from last week when it averaged 4.75 percent. Last year at this time, the 30-year FRM averaged 5.42 percent.



The 15-year fixed-rate mortgage: Averaged 4.13 percent with an average 0.6 point, down from last week when it averaged 4.20 percent. A year ago at this time, the… Continue

Its not just location location in this market. Much more complex issues drive value of both residential and investment property.



When serious damage is done to an asset class and there is a big re-think regarding its true worth, no one truly knows what its worth, past assumptions may no longer be relevant. So appraisers are shooting in the dark. Without significant sale or leasing activity, it becomes difficult to do comps. And looking back is useless, since we know the data series… Continue

Market Composite Index: (loan application volume) decreased 12.2 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Memorial Day holiday



Refinance Index: decreased 14.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 5.7 percent from one week earlier…



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30-year fixed-rate mortgage: Averaged 4.72 percent with an average 0.7 point for the week ending June 10, 2010, down from last week when it averaged 4.79 percent. Last year at this time, the 30-year FRM averaged 5.59 percent.



The 15-year fixed-rate mortgage: Averaged 4.17 percent with an average 0.7 point, down from last week when it averaged 4.20 percent. A year ago at this time, the 15-year FRM averaged… Continue