Rates Drift Lower on Reports of Economic Weakness;...
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 Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.35 percent with an average 0.7 point for the week ending September 04, 2008, down from last week when it averaged 6.40 percent. Last year at this time, the 30-year FRM averaged 6.46 percent. Yes, prices are down. Yes, there are a lot of foreclosures involved. And, yes, Southern California’s sales are going through the roof. DataQuick.com reports sales up in the double digits for the second month running. Sales are up ranging from 10 to 48 percent across the region. Should the Federal Trade Commission develop national licensing requirements and standards regulating the middlemen who conduct thousands of tax-deferred real estate exchanges every year? Inheriting real estate can be one of the most painful ways to acquire property. You've lost a loved one and now you have your loved one's primary residence to handle. If you plan to sell the property make sure you read on to get a general idea about what to do next. Most real estate trends are a reaction to the law of supply and demand. As you project trends, study your market analysis for hints of changes in your market’s inventory. At the same time, study your region’s economic growth and stability for hints at what is taking place to influence consumer demand. Feel free to contact me if I can be of any service! | |
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