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Local Address Archive: Statistics

Third week of record lows for mortgage rates

Interest rates on 30-year fixed-rate mortgages averaged 4.57 percent this week, Freddie Mac reported this morning. That's down just a hundredth of a percentage point from last week's rate, but it marks the third consecutive week of record-setting lows for the most popular type of home loan. Freddie Mac has been tracking this rate for 39 years.

By Elizabeth Razzi  |  July 8, 2010; 11:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Mortgages , Statistics , The economy  
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30-year mortgage rates hit another low

How low can they go? Freddie Mac reported this morning that average rates on a 30-year fixed mortgage sank to 4.58 percent, blowing past last week's record low of 4.69 percent by 11 basis points. Meanwhile, news just out from the National Association of Realtors is hardly encouraging. Pending home sales, based on homes going under contract in May, fell 30 percent from April and were 15.9 percent below a year ago.

By Elizabeth Razzi  |  July 1, 2010; 11:34 AM ET  |  Permalink  |  Comments (5)
Categories:  Buying , Statistics , The economy , The market , Weekend Poll  
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The Weekend Poll: Which way for mortgage rates?

Interest rates for 30-year fixed-rate mortgages hit a new low, down to 4.69 percent, Freddie Mac announced Thursday. What's next?

By Elizabeth Razzi  |  June 25, 2010; 4:30 PM ET  |  Permalink  |  Comments (1)
Categories:  Mortgages , Poll , Statistics , The economy , Weekend Poll  
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Pending home sales are up. But will they close in time?

Buyers racing to sign home-purchase contracts in time to qualify for a federal tax credit pushed home sales up for the third month in a row. Pending home sales, based on contracts signed in April, are up 6 percent from March, the National Association of Realtors reports. But the Realtors are warning that some buyers may have trouble closing their deals by the June 30 deadline for qualifying for a tax credit of up to $8,000.

By Elizabeth Razzi  |  June 2, 2010; 10:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Statistics , The economy , The market  
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Low interest rates didn't cause the bubble, economists say

Since they don't know what did cause the bubble, but they are convinced that low interest rates and loose lending don't bear much of the blame, they conclude that there's little reason to worry about rising mortgage interest rates. And they feel more secure suggesting that government policy makers back away from popular programs aimed at reducing the cost of homeownership.

By Elizabeth Razzi  |  May 7, 2010; 6:00 AM ET  |  Permalink  |  Comments (3)
Categories:  Mortgages , Statistics , Taxes , The economy  
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Washington home market: Buyers are back

Sales volume and prices both rose in the first three months of this year in the Washington-area market, they report. Sales volume was up 9.2 percent from a year earlier; the average price, at $357,983, was up 4.9 percent.

By Elizabeth Razzi  |  April 27, 2010; 8:00 AM ET  |  Permalink  |  Comments (10)
Categories:  Statistics , The economy , The market  
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Older Entries in This Category »

Mortgage rates still under 5 percent, Elizabeth Razzi , February 18, 2010
Refinancers cut interest rates and shrink their debt, Elizabeth Razzi , January 28, 2010
Is this the worst of it for remodelers?, Elizabeth Razzi , January 21, 2010
GAO releases new map of troubled mortgages, Sarah Halzack , January 13, 2010
30-year mortgage rates rise to 5.14%, Elizabeth Razzi , December 31, 2009
Markers of a turn, and The Weekend Poll, Elizabeth Razzi , December 11, 2009
Is Washington turning into a seller's market?, Elizabeth Razzi , November 13, 2009
Have you refinanced yet?, Elizabeth Razzi , November 12, 2009
Washington-area home prices down 2.5% from last year, Elizabeth Razzi , November 10, 2009
Refinancers save $3 billion in a year, Elizabeth Razzi , November 3, 2009
Get Free Alerts if Someone Messes With Your Deed, Elizabeth Razzi , October 15, 2009
A Flood of Solar Events and The Weekend Poll, Elizabeth Razzi , October 2, 2009
Fewer New Home Sales, But Greater Satisfaction, Elizabeth Razzi , September 17, 2009
Fuel Bills May Shrink This Winter, Elizabeth Razzi , September 10, 2009
Price Increases Coming in Foreclosure Hot Spots?, Elizabeth Razzi , August 12, 2009
Choosing Bankruptcy to Avoid Foreclosure, Elizabeth Razzi , August 6, 2009
Housing Demand in Area Outpacing Supply , Elizabeth Razzi , August 5, 2009
Do High-Voltage Lines Zap Property Values?, Elizabeth Razzi , August 4, 2009
Geography of Distress, Elizabeth Razzi , July 30, 2009
More Signs That Home Prices are Steadying, Elizabeth Razzi , July 28, 2009
Home Sales Increase and The Weekend Poll, Elizabeth Razzi , July 24, 2009
Money Magazine Slices and Dices Cities, Elizabeth Razzi , July 15, 2009
Signs of Stabilizing Prices, and the Weekend Poll, Elizabeth Razzi , July 10, 2009
Mortgage Fraud Rising in the Washington Area, Elizabeth Razzi , July 9, 2009
Younger Home Buyers Will Be Less Wealthy , Elizabeth Razzi , June 22, 2009
What If There Weren't All Those Foreclosures?, Elizabeth Razzi , May 28, 2009
Recovery Could Bring a Flood of Listings, Elizabeth Razzi , May 14, 2009
Beware Dated Housing Stats, Elizabeth Razzi , May 13, 2009
Prices Down All Around, Elizabeth Razzi , March 11, 2009
How's That? Home Sales, Prices, Inventory All Drop, Elizabeth Razzi , February 25, 2009
Another shot of dueling data, Maryann Haggerty , February 24, 2009
Washington among the few areas where price drops slowed, Maryann Haggerty , February 24, 2009
 
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