General Real Estate Discussions

Mortgage market update from Chris Nooney and Prime Lending: INFO THAT HITS US WHERE WE LIVE…The week before last, the Fed announced ‘Operation Twist,’ where they’ll switch their short term bond holdings to longer term maturities. This strategy wasted no time benefitting mortgage rates. Last week, national average mortgage rates were the lowest since Freddie Mac’s weekly … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Galveston real estate and Galveston condos – Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…One result we care a lot about is a turnaround for new homes. We haven’t attained it quite yet, with New Home Sales down 2.3% in August, at a 295,000 annual rate. This … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Major progress has yet to be made in the housing recovery, but we can keep believing in it, since the data isn’t all negative. For example, Pending Homes Sales (contracts on existing homes) were down 1.3% in July, but were … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage Market Update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Last week’s “difficulty” for the housing market came from the news that New Home Sales dropped 0.7% for July, to a 298,000 annual rate. They’ve been in this low range since May of last year, competing with existing homes selling … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Ms. Schucman was the Columbia University clinical psychologist who “scripted” A Course in Miracles. Many are hoping for a miracle to send the housing market into recovery, but Ms. Schucman says we only need to look at a situation properly … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Below is the mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…It certainly was a volatile week for stocks (see below), but mortgage rates just calmly headed lower. This of course was directly related to the turbulent stock market, which sent investors to the relative safety of bonds, … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Last week’s silver lining for housing came in the form of mortgage rates, pushed lower by the cloud of financial market turmoil. The average 30-year fixed rate stayed near historic lows, while the average 15-year fixed rate hit a new low for … Continue reading Galveston Real Estate amd Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE…Last week included both problems and progress in the housing market. Getting the probs out of the way, June Existing Home Sales came in down 0.8% versus May, to an annual rate still below 5 million units, lifting the months’ … Continue reading Mortgage Market Info From Prime Lending