Freddie Mac Reports Home Prices Increased in 2nd Quarter

September 1, 2010 (Jeff Alan)

Freddie Mac reported on August 30th that there was a slight increase in home prices in the 2nd quarter of 2010. The Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series for the United States registered a 3.1 percent (13.2 percent annualized) increase in the second quarter relative to the first quarter on a not-seasonally-adjusted basis. U.S. home values fell 0.2 percent relative to the second quarter a year ago.

Read more…

Dirt-Cheap Mortgage Rates: Here for How Long?

July 30, 2010 (Jeff Alan)

Although economists have grown increasingly concerned that the real estate market may slip into a “double-dip” recession, today’s consumers are being handed a tempting incentive to buy property or refinance their home loans: ultra-low mortgage rates. Rates on 30-year fixed mortgages fell to 4.57 percent for the week ending July 15. That’s down a half percentage point from three months earlier and the lowest level in the 39 years that Freddie Mac has been monitoring rates..

Read more…