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The 10 Year Treasury Yield Fell To Record Low This Week

Today’s News Synopsis: Can you profit from a record low 10-Year Treasury Note?  The Mortgage Bankers Association reported mortgage applications increased 15.1% from last week.  How can you have a good credit score to buy a home? In The News: CoreLogic – “Is the Yield Curve Slope a Leading Indicator of the Housing Market” (3-4-2020) “For …

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The Average National Credit Score Is Over 700 For The First Time EVER!

Today’s News Synopsis: Why does your credit score matter….so much?  The average U.S. home seller profits were at another high at $65,000 in 2019.  Mortgage rates decreased to their lowest in three months with 30-year rates now at 3.6% and 15-year rates at 3.04%. In The News: Freddie Mac – “Mortgage Rates Drop to Lowest Level …

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The Norris Group Real Estate News Roundup 4/18/13

Today’s News Synopsis: Mortgage rates decreased again this week for the third week in a row.  30-year rates are now at 3.41%, and 15-year are at 2.64%.  Home sales in Southern California increased with the decrease in foreclosures, leading to median prices also increasing by 23.4%.  Despite numbers for unemployment still being bad, the construction …

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The Norris Group Real Estate News Roundup 11/8/10

The NAR reports FHA, Fannie Mae and Freddie Mac account for over 90% of the mortgage market. New California building codes, known as CALGreen, will be enforced on January 1st. Richard Fisher of the Dallas Federal Reserve believes the low interest rates are doing little to stimulate the economy. Fannie Mae acquired 85,340 REO properties in the 3rd quarter.

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