Real Estate & Mortgage Industry Updates 4-1-11
Real Estate & Mortgage Industry Updates 4-1-11
(1) www-cnn.com NEW YORK (CNNMoney) — January home prices fell for the sixth month in a row, edging closer to a double dip.
(2) www-cnn.com Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.
(3) www-bankrate.com The benchmark 30-year fixed-rate mortgage rose 5 basis points this week, to 5.01 percent. The benchmark 15-year fixed-rate mortgage rose 9 basis points, to 4.25 percent. The benchmark 5/1 adjustable-rate mortgage rose 11 basis points, to 3.89 percent.
(4) www-bankrate.com The most popular home loans are about to get smaller in hundreds of U.S. counties — and not only those that have the priciest houses. Borrowers who want a relatively bigger loan, whether to buy a home or refinance an existing mortgage, may need to act soon to avoid higher costs and fewer options. Those maximum loan sizes will be reduced on Oct. 1. The changes are expected to affect all or most of the 620 counties that have elevated loan limits for FHA-insured or conforming mortgages. Those 620 counties are home to 61 percent of the U.S. population.
(5) www-nationalassociationofrealtors.com March 28) Pending home sales increased in February but with notable regional variations
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Where do you see the real estate and mortgage markets heading and why?
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