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Mortgage Rates


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South Florida real estate market
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Friday, 25 August 2006

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Prospective clients from all over the United States as well as from Canada, Europe and Latin America are lured by South Florida not only because of the climate but also because of a strong job market. While median prices for South Florida real estates continue to rise, sales have dramatically slowed down compared with previous periods.
Read more...
 
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Marketing real estate
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Friday, 25 August 2006

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The market for buying and selling houses has been changing. 

"When the market starts to change from a seller's market to a buyer's market, it always has a little halt in the process of moving forward." Realty USA Sales Associate Natasha Rajtar said.  

Read more...
 
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Will the tsunami of foreclosures hit?
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Friday, 25 August 2006

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Experts anticipate a wave of foreclosures by Americans with millions of adjustable-rate mortgages. 

This fall the adjustable-rate mortgages (ARMs) will be reset, and many homeowners will see their monthly mortgage payments go up by as much as 20%.  This is the highest ever financed mortgage according to the Mortgage Bankers Association where ARMs are 36% financed in 2005. 

Read more...
 
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Mortgage rates slumps for the 5th week
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Friday, 25 August 2006

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WASHINGTON - 30-year mortgage rates fell for the fifth consecutive week as both sales of existing and new homes in July turned down.  This confirms a cooling housing market.

The mortgage company Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.48 percent this week, down from 6.52 percent last week.  That was the lowest level for 30-year mortgages since they averaged 6.43 percent the week of April 6.

Read more...
 
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Stocks pick up holds back in housing
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Friday, 25 August 2006

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NEW YORK  - Companies providing to Americans’ needs and vices would do better than others despite a fall in US house prices that hurt spending across the board.

  Even though US homeowners feel poorer for the stock of retailers and leisure companies, they will always need to buy groceries, feed their addictions.  So companies selling consumer goods, food, health care, tobacco and alcohol are better placed to weather the impact of a slowing housing sector than others.  "The interesting sectors are ... soaps, suds and cereal," said Don Gher of Bellevue, Washington-based Coldstream Capital Management. "Investors are looking for companies that will deliver even in an economic downturn. And typically those are companies that are aligned with selling the basic products or consumer staples."

Read more...
 
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South Florida real estate market
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Thursday, 24 August 2006

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Prospective clients from all over the United States as well as from Canada, Europe and Latin America are lured by South Florida not only because of the climate but also because of a strong job market. While median prices for South Florida real estates continue to rise, sales have dramatically slowed down compared with previous periods.
Last Updated ( Thursday, 24 August 2006 )
Read more...
 
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Median price for Broward family homes dunks sales
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Thursday, 24 August 2006

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For the first time since April 2000, the median price for existing single-family homes in Broward County has fallen from the previous year. The median price for single-family homes in Broward County has fallen from the previous year. This was since April 2000. The median price is the point at which half the properties sold for more, half for less. Mike Pappas, president of Keyes Co.
Last Updated ( Thursday, 24 August 2006 )
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Florida Real Estate Ranks After Zealous Trend
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Thursday, 24 August 2006

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ORLANDO, Fla. -- The inventory of homes unsold has hit high records. This gives buyers the best time to find a bargain on a new house. This is the tell-tale signs of what economists foresee on housing market that is slumping. “What we're seeing right now is a little bit of an evener playing field from buyers and sellers," said Penny Hermann of the Florida Association of Realtors.
Last Updated ( Thursday, 24 August 2006 )
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Real Estate Snag Sales
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Wednesday, 23 August 2006

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A steeper 4.1% fall of existing home sales were seen in July as the market hit a record high signaling further difficulty for homebuilders trying to sell new homes.  The National Association of Realtors said Wednesday that total existing home sales came in at an annual rate of 6.33 million for July. That is the lowest sales in two years. The number was below the downwardly revised pace of 6.6 million in June, and 11.2% below the 7.13 million mark in July 2005.
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ING Real Estate & Gemdale Corp, Joint Development in China
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Tuesday, 22 August 2006

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ING Real Estate is to embark into a partnership with Gemdale Corporation to control China's stock market regarding the sale of a Gemdale division. Together, they are going to engage in major infrastructural developments and operations in China. A joint project development in Tianjin is also to be expected.
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Why condo-hotels are on the rise in Florida
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Tuesday, 22 August 2006

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In Fort Lauderdale alone, there are more or less 3,800 condo-hotel units being built, in Tampa close to 3,100. Miami tries not to be outdone with close to 8,800 condo-hotels shaping its skylines, while spread wide across other parts of Florida, more than 3,300 units more!
Last Updated ( Tuesday, 22 August 2006 )
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US Mortgage Rates Dropped to Three-Month Low
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Friday, 11 August 2006

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On Thursday, Freddie Mac reported that Mortgage rates dropped for the third straight week. This helped in part by the Federal Reserve's pause in its rate-hike campaign with fixed-rate mortgages hitting their lowest level in about three months.
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East Europeans' Dreams Destroyed because of Real estate Boom
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Friday, 11 August 2006

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Buying in the city center, where the average unit sells for $100,000, is out of reach. THis is echoing laments from potential homebuyers throughout the European Union's new eastern members.
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