ARCHIVED BLOG POSTS
Mortgage rates rose dramatically this week not only pushing through the 5% threshold but touching 5.50% at one point. We have settled back to 5.375% as of this afternoon but this is still a full half percent higher than we were this time last Friday. The volatility I spoke of in last week’s updat...
On Tuesday, a dismal housing report showing home prices decline some 19% year over year in the first quarter was outweighed by a report showing consumer confidence jumped by its biggest amount in six years to its highest levels in eight months reigniting the rally in the stock market. On Wednesda...
Since I am getting so many questions these days regarding condos and condo-tels and since the secondary market for these properties, i.e. Fannie and Freddie, has all but disappeared, I thought I would try and clarify why a project will or will not fly. First, a condo-tel is not a new concept. It ...
Thirty year mortgage rates have been attempting to push through the 5% ceiling over the past few days as continued gains in the stock market have beaten up on bond prices. Jumbo rates remain frustratingly in the 6.875% range stifling any potential recovery in the high-end home sector. Governme...
Mortgage rates have remained, quite remarkably, in a narrow range - remaining below 5% despite the ten-year Treasury note taking a beating for the past week with the yield now at 3.14% The reason this is remarkable is that the ten-year yield has risen 75 basis points over the past several weeks w...