Arizona's Economy and Real Estate Market Updates

June 30th, 2007 12:35 AM
MSNBC.com, reports that rates on 30 year mortgages dipped slightly this week, the second decline after five weeks of increases. Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.67 percent this week, compared with 6.69 percent last week. A year ago, rates on 30-year, fixed-rate mortgages stood at 6.78 percent. Analysts attributed the decline to developments in the bond markets and to the worsening state of the housing market. "This week we saw further effects of the current housing recession," said Frank Nothaft, chief economist at Freddie Mac. He noted that existing home sales dipped to the slowest pace in four years while the number of unsold homes on the market climbed to the highest level in 15 years.

Posted by Teddy Castro on June 30th, 2007 12:35 AMPost a Comment (0)

Subscribe to this blog
Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

My title

                           

                   


Home Execs Realty 501 E. Plaza Circle Suite A Litchfield Park, AZ 85340
Phone: Fax:

Why Choose Us | Meet The Broker | Contact Us | Curb Appeal List | Selling Your Own Home | Your FICO Score | Meet Our Agents | Join Our Team | Preferred Partners | Superbowl 2015 Rentals | Buyer/Renter Bill of Rights | Buying New Build Homes | Mortgage Debt Relief Act | Short Sales 101 | Tax Credit Extended | Home Affordable - HAFA | Down Payment Assistance | Agent Login | Tell a Friend | Looking to Sell? | Home Execs Realty | Applying for a Loan | Loan Application Checklist | Loan Programs | 9 Steps to Owning | Site Map | Buying A Home | Selling Your Home | Reasons Homes Don't Sell | Real Estate Blog

Copyright © 2012 Home Execs Realty
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.