Freddie Mac Weekly Update: Mortgage Rates Continue to Climb
Sunday, December 19
30-year fixed-rate mortgage: Averaged 4.83 percent with an average 0.7 point for the week ending December 16, 2010, up from last week when it averaged 4.61 percent. Last year at this time, the 30-year FRM averaged 4.94 percent. The 15-year fixed-rate mortgage: Averaged 4.17 percent w...
Multi Famiily Rentals Improve
Sunday, December 19
The demographics The multifamily sector is in recovery. According to Reis, net absorption in 3Q spiked, dropping the national vacancy rate from 7.8% to 7.1%, one of the largest quarterly drops on record. Rents increased for the second quarter in a row. Asking and effective rents incre...
Mortgage Bankers Weekly Update: Mortgage Applications Decrease
Saturday, December 11
Mortgage Bankers Association for the week of 12/8/2010Market Composite Index:(loan application volume) decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Than...
Freddie Mac Weekly Update: Bond Yields Rise and So Do Mortgage Rates
Saturday, December 11
30-year fixed-rate mortgage: Averaged 4.61 percent with an average 0.7 point for the week ending December 9, 2010, up from last week when it averaged 4.46 percent. Last year at this time, the 30-year FRM averaged 4.81 percent. The 15-year fixed-rate mortgage: Averaged 3.96 percent with an average...
Aaprtment Sector: First One Out
Tuesday, December 07
This is the one real estate area that seems to be looking up. There is no question thatapartments really scream when it comes to actual performance and renewed investment confidence, says Hessam Nadji, managing director of research and advisory services at Marcus & Millichap. The apartmen...