Category Archives: Housing Market

New 2011 Interest Rate Lows + Chart

Posted on May 26, 2011 by Ryan Hinricher

Interest rates found another new low for 2011.  The 30-year fixed rate eased from 4.61% to 4.60% for the week ending May 26th, 2011, according to Freddie Mac. A year ago the 30-year fixed mortgage averaged 4.84%. The 15-year fixed dropped from 3.80% to 3.78%. A year ago the 15-year … Continue reading →

Supply of REOs Headed One Direction

Posted on May 24, 2011 by Ryan Hinricher

Is the inventory of homes increasing or decreasing?  Understanding this will give investors a glimpse into how long the current home price depression will exist.  The National Association of Realtors stated last week that the number of existing homes on the market stood around 3.87 million, representing a 9.2-month supply … Continue reading →

A Case for Investing in Florida

Posted on May 21, 2011 by Ryan Hinricher

Central Florida, otherwise known as the greater Orlando area has seen its inventory of available homes decline by 25% in the last 12 months.  Now at the present rate of sales, there is only a 5 month supply of homes on the market. A case for investing in Florida?

No Love for Home Buying

Posted on May 19, 2011 by Ryan Hinricher

The Mortgage Bankers Association reminds me of network news lately.  They can’t seem to give us any good news regarding mortgage purchase applications.  The Purchase Index, which tracks mortgage purchase application volume, fell 3.2% for the week ending May 13th, 2011.  Refinances are rosier with an increase of 13.2% following … Continue reading →

US Real Estate: Flea Market for Foreign Investors

Posted on May 19, 2011 by Ryan Hinricher

According to a new report by the National Association of Realtors (NAR), foreign investment in US residential real estate increased … Continue reading →

The Year in Interest Rates:

Posted on May 16, 2011 by Ryan Hinricher

Info-graphic on 1 year of the 30-year fixed mortgage rate: