mortgage rates

The Norris Group Real Estate News Roundup 8/4/11

Today’s News Synopsis: Bloomberg reported 30-year mortgage rates are as low as 4.39%, the lowest they have been in 8 months.  Bank of America is being sued again, this time by Walnut Place and other investors who said Countrywide Financial Corp/Bank of America broke agreements regarding residential mortgages.   Mortgage Bankers Association reported a 107% increase from a …

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The Norris Group Real Estate News Roundup 7/7/11

Today’s News Synopsis: According to Bloomberg, Freddie Mac said that mortgage rates are the highest they have been since May with the decrease in home loan demand.  Unemployed have more time now to put off payments with the increased aid now provided by the Obama Administration.   With the 6% decrease in apartment vacancies, apartment landlords …

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The Norris Group Real Estate News Roundup 5/12/11

MDA DataQuick reports 18,344 new and resale houses and condos sold in Southern California during April. Foreclosure filings decreased 9% last month, according to RealtyTrac. Freddie Mac said 30-year mortgage rates dropped again, and are now at 4.63%. Economists expect apartment rents and occupancies to rise as the home and labor markets remain depressed.

The Norris Group Real Estate News Roundup 4/28/11

A study from Trulia shows it is cheaper to buy than rent in 78% of the largest cities in the U.S. The NAR said pending home sales rose 5.1% in March. The Commerce Department reports housing growth fell 4.1% during the 1st quarter. A California bill drafted to end the practice of filing a foreclosure ahead of modification efforts failed this Wednesday.

The Norris Group Real Estate News Roundup 8/20/10

Aaron Norris of The Norris Group covers this week’s biggest real estate headlines including P.A.C.E programs ending, Redfin’s study of listing homes and sales statistics, loan origination and closing costs on the rise, Transunion’s report talking about delinquencies, DQ News reporting sales and process decline in July, California’s first time homebuyer program ending, and Republican districts have a lower foreclosure rate.

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