Nat'l Real Estate News 
News on the national economy and national real estate news and trends
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Mortgage Rates Slide to Lowest Level in 2011
Thursday, May 12th, 2011 at 11:15am. 429 Views, 0 Comments.
Fixed mortgage rates have fallen to their lowest levels of the year, giving buyers more incentive to purchase a mountain home or ski condo in Breckenridge.
On May 12th Freddie Mac said the average rate on the 30-year loan fell to 4.63 percent from 4.71. The average rate on the 15-year fixed mortgage slipped to 3.82 percent from 3.89 percent. Both are at their lowest points since December 2010. It marks the fourth straight weekly decline.
The average rate on a five-year adjustable-rate mortgage fell to 3.41 percent from 3.47 percent. The five-year adjustable-rate loan hit 3.25 percent last month, the lowest rate on records dating back to January 2005. The average rate on a one-year adjustable-rate loan fell to 3.11 percent from 3.14 percent. That marked…
RE/MAX National Housing Report February 2011
Friday, March 18th, 2011 at 9:06am. 260 Views, 0 Comments.
U.S. home sale up 3.3% in February.
While February home sales were 3.3% higher than January, they were 3% lower than February 2010 in the 54 U.S. markets surveyed in the RE/MAX National Housing Report.This is the first time in four months that the year-to-year sales difference was not beter than the previous month. However, the monthly rise does provide for some optimism, since five of the previous seven months saw sales lower than the previous month.
Home prices were relatively unchanged from January, but experienced a 5.9% drop from last year. Housing inventories continue to fall, 2.2% from January and 8.9% lower than February 2010 levels.
"It's a very good sign that home sales increased over January, which could mean that sales will increase even…
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