Real Estate Market Fairs Better than Media Reports
December 21, 2007 by Perry Corneau · Leave a Comment
In spite of gloom and doom of recent news reports on the state of the nation’s housing, there is plenty of good news. The Sarasota market is showing positive signs of improvement as evidenced by closed transactions. At last month’s conference Laurence Yun, the chief economist for NAR, had plenty of positive news for Realtors. He attributed much [...]
ShareInterest Rates
November 28, 2007 by Perry Corneau · Leave a Comment
Long-term mortgage interest rates were down Monday, and the benchmark 10-year Treasury bond yield dropped to 3.83 percent.The 30-year fixed-rate average sank to 5.82 percent, and the 15-year fixed rate fell to 5.4 percent. The 1-year adjustable held at 5.53 percent. The 30-year Treasury bond yield was down at 4.29 percent. Rates and bonds are [...]
ShareMore Rate Cuts to Come
September 30, 2007 by Perry Corneau · Leave a Comment
Government bond traders who have predicted 6 of the past 7 recession, say the Fed will lower interests again before January in order to avoid the economy stalling. Share
ShareFederal Reserve Cuts Discount Rate
August 17, 2007 by Perry Corneau · Leave a Comment
In a move that could be filed under the heading “It’s About Time”, the Federal Reserve having finally recognized that the need to stabilize the credit and housing markets outweighs the threat of inflation lowered the discount rate by one 1/2 percentage point. The discount rate is the rate that the Federal Reserve charges when [...]
ShareInterest Rates Down
July 5, 2007 by Perry Corneau · Leave a Comment
This week, the prevailing interest rate on a 30 year mortgage slipped to 6.63% representing a one-month low. The rates had risen to 6.74% last month. Rates have moved lower for each of the past three weeks as fears of inflation have subsided. Rates on 15 year, fixed mortgages fell to 6.3% and 5 year [...]
ShareInerest rates are at lowest point this year.
April 19, 2007 by Perry Corneau · Leave a Comment
According to Fredie Mac, the interest rates charged for a thirty year loan are at or near the lowest point this whole year. The current average rate this week is 6.17 percent. although rates have been slowly going up they are still at historically lower levels and with so many properties on the market, good [...]
ShareNo Rate Change
March 22, 2007 by Perry Corneau · Leave a Comment
This Wednesday, the Federal Reserve chose to hold rates the same. In doing so it issued an economic statement that the financial markets interpreted as the Fed willingness to lower short term interest rate in the near future. Interest rates remain at low level and a future reductions in rates is sure buoy the already [...]
ShareFed Rate; No Change
February 21, 2007 by Perry Corneau · Leave a Comment
Perceiving that inflation has moderated, the central bank in it’s most recent meeting has kept the federal reserve rate at 5.25. If inflation fears continue to easy we may see reductions in interests rates this year. That would be good for real estate markets. Share
ShareRates, Inflation and the Dollar
December 28, 2006 by Perry Corneau · Leave a Comment
This past Friday the Dollar reached a two month high against the Yen while at the same inflation data indicated very moderate inflation. These indicators along with others indicating a slowing economy may increase the likelihood that the Federal Reserve may lower rates to keep the economy moving ahead. in recent months the Fed has [...]
ShareNational Real Estate Statistics
December 23, 2006 by Perry Corneau · Leave a Comment
2006 Median Home Price: $223,700 2007 Median Home Price: $227,500 1-yr Change: +1.7% Home Price Index 1-yr Change: +0.1% Best Qtr: 4 (+0.22% from Q3) Worst Qtr: 2 (-0.22% from Q1) Sources: Fiserv Lending Solutions and Moody’s Economy.com. Median home prices are for existing homes National Housing Starts 2006 Total: 1.815 million 2007 Total: 1.576 [...]
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