Little Movement in Mortgage Rates Seen This Week Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.05 percent with an average 0.3 point for the week ending May 8, 2008, down very slightly from last week when it averaged 6.06 percent. Last year at this time, the 30-year FRM averaged 6.21 percent.
Hot Market: Seeing The Smoke Before The Fire Several markets across the country are starting to heat up -- if you know what to look for. Take across Florida -- prices are depressed, sales are down in the double digits compared to a year ago, while foreclosures and short sales rule. However, it's turning and the smoke is starting to rise before the flame ignites.
Keep Cool Starting From The Top With summer coming and temperatures rising quickly, many people are already turning the air conditioner on. But did you know that what's atop your home may or may not be helping you stay cool?
Real Estate Outlook: State of the Economy Are figures really rosier than reports are making out? Columnist Kenneth Harney explains what's really happening in the U.S. economy this week.
Regional Report: Northeast Our market experts in the Northeastern United States are trying to put a positive spin on what continues to be a downward-trending market.
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