Tagged : Mortgage Rates

Found 2 blog entries tagged as "Mortgage Rates".

It has been a relatively quiet week, at least until today when big news came from China showing a weak manufacturing report (PMI). If China's economy is weak, that means that the world is not ordering as many goods from China (so maybe the world economy is weaker than thought?) Of course a Chinese slowdown would have significant implications for global markets. This news sent US Stocks plunging and pushed investing dollars into the safe haven of the Bonds and improved interest rates. (see rate sheet below)

Housing Crisis is Quickly Becoming a Memory

The foreclosure crisis is showing signs that it's finally fading away. The number of new foreclosure filings -- which includes default notices, auctions and bank repossessions -- dropped 15% in November. The

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Many of our clients have a New Year's Resolution which includes "Buying a New Home in 2012" however I know many folks are still uncertain about the market.   For those curious about the overall real estate market and whether or not now might be a good time to jump-in, I'd encourage you to preview the following articles which just ran in this past weeks USA Today.  

If you just want the Cliff Notes, here goes:

  • Rents are dramatically increasing (double-digit increases throughout the Bay Area),
  • Mortgage Rates are at record lows
  • Unemployment rates are the lowest they’ve been in 3 years (note: Marin County consistently has the lowest unemployement rates throughout California)

You can read the full articles here:

  • Apartment rents heading higher for
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