Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates hitting their lowest levels since this summer amid market speculation that the Federal Reserve will not alter its bond buying purchases this year. Findings • 30-year fixed-rate mortgage (FRM) averaged 4.13 percent with an average 0.8 point for the week ending October 24, 2013,...
Some good news on the local real estate front... According to the Warren Group, “A total of 2,356 single-family homes sold in May, up from 2,290 the same month a year ago. This is the highest number of transactions recorded for the month since May 2010 when there were 2,516 sales. This is also the first time since January that sales volume increased year-over-year.” (Image courtesy of the Warren...
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