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Monthly Archives: April 2013

Should I Lock Or Float This Week : April 29, 2013

What's Ahead For Mortgage Rates This Week - April 29 2013Mortgage rates fell again last week and are again near record lows.

According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.

The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent.

Low mortgage rates are helping homeowners with refinancing and are boosting housing markets as more buyers can qualify for mortgage loans. Read the rest of this entry »

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Posted by on April 29, 2013 in Mortgage Rates

 

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Don’t Get Fooled By Tricky Real Estate Terms

Understanding Real Estate TermsWhen looking to buy or sell Sacramento real estate, confusing terminology can leave you feeling somewhat uneasy. From a multitude of numbers to marketing jargon, property listings can give you an overwhelming amount of information — and it’s hard to know what’s important. Read the rest of this entry »

 
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Posted by on April 12, 2013 in Real Estate Tips

 

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Why The Sudden Change in Rates? Ask The Fed

Federal Open Market Committee Minutes Released 4-10-2013The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013. These periodic meetings by the FOMC cover a wide-ranging group of topics that impact the overall economy in the United States.

The decisions made and acted upon from the FOMC meetings often sway the real estate and residential financing markets. Some highlights of the recent FOMC minutes for the March meeting include: Read the rest of this entry »

 
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Posted by on April 11, 2013 in Federal Reserve

 

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Home Prices Accelerate In 2013 Big Time!

Case Shiller Index February 2013 Shows Home Prices AcceleratingLast week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. Looking closer to home, here in Sacramento, that number is much greater.

The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale.

All 20 Case Shiller Index Markets Show Growth Read the rest of this entry »

 
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Posted by on April 3, 2013 in Housing Analysis

 

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