As the European debt turmoil continues investors are pouring their money into U.S. government securities and as a result mortgage rates have fallen to their lowest level so far this year.
Freddie Mac reported today that the average rate on a 30-year fixed mortgage dropped to 4.78 percent this week down from 4.84 percent last week which is the lowest level since early December when rates hit 4.71 percent.
The European debt crisis has pushed yields for both 10-year and 30-year Treasury bonds to their lowest levels of 2010. Rates on 30-year home loans and 10-year notes often rise and fall in line with one another.
Rates were pushed down to very low levels last year by a campaign that the Federal Reserve started in order to reduce borrowing costs for consumers. Mortgage rates were expected to begin an upwardly climb after the program ended this spring, but, instead they have dipped primarily due to fears that the government of Greece would default on its debt and in turn boosted the demand for U.S. Treasurys.
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
Thursday, May 27, 2010
Two Months Of Gains In New Home Sales
April posted another big gain in new home sales as buyers raced to sign contracts for new homes before the two government home-buyer tax credits expired on April 30th.
The Commerce Department reported today that sales of new single-family homes in April jumped up 14.8 percent to a seasonally adjusted annual rate of 504,000 units which followed March's gains of 29.8 percent which was the biggest monthly increase in almost 50 years.
Both March and April had a higher volume of buyers trying to sign sales contracts before the tax credits expired. Furthermore, low mortgage rates combined with the tax incentives really fueled purchases during those two months.
Despite the large amount of new home sales, home values did not get a boost. The median sales price fell to $198,400 which is 9.6 percent below the March median price for a new home.
March and April's big surge in new home sales were the highest levels of sales since May 2008. Sales around the nation were higher in April. In the Midwest sales were up 31.6 percent with the West showing an increase of 21.7 percent. Even the South posted a 10.8 percent increase.
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
The Commerce Department reported today that sales of new single-family homes in April jumped up 14.8 percent to a seasonally adjusted annual rate of 504,000 units which followed March's gains of 29.8 percent which was the biggest monthly increase in almost 50 years.
Both March and April had a higher volume of buyers trying to sign sales contracts before the tax credits expired. Furthermore, low mortgage rates combined with the tax incentives really fueled purchases during those two months.
Despite the large amount of new home sales, home values did not get a boost. The median sales price fell to $198,400 which is 9.6 percent below the March median price for a new home.
March and April's big surge in new home sales were the highest levels of sales since May 2008. Sales around the nation were higher in April. In the Midwest sales were up 31.6 percent with the West showing an increase of 21.7 percent. Even the South posted a 10.8 percent increase.
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
Monday, May 24, 2010
Manhattan Beach, CA MLS Search
Search the Manhattan Beach, CA MLS (Multiple Listing Service)
===== General Public Search =====
English
Spanish
French
Polish
German
Italian
Portuguese
Russian
Vietnamese
Japanese
Chinese Traditional
Chinese Simplified
Korean
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
===== General Public Search =====
English
Spanish
French
Polish
German
Italian
Portuguese
Russian
Vietnamese
Japanese
Chinese Traditional
Chinese Simplified
Korean
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
Tuesday, May 18, 2010
Mortgages
Mortgage & Debt
If you're interested in any of the items listed below visit: http://weidauergroup.com/buyers/mortgages/
Mortgage 101
10 Minutes with a Mortgage Expert
Should You Consider an Adjustable Rate Mortgage?
Private Mortgage Insurance
What are Points?
Which Loan Program is Right for You?
Home Equity Loans
Home Purchase Loans
So You Got Declined…
Refinance: Is it time?
Consolidating debt?
Reducing Your Debt
Interview with a Financial Planner
Mortgage Glossary
Investing and Financial Planning
Interview with a Financial Planner
Building an Investment Portfolio
Mutual Funds Basics
Personal Credit
Happy Credit Report
Reversing Bad Credit
Rebuild Bad Credit
So You Got Declined…
Other Home Valuation Resources
HUD Home-Buying Guide
Home Warranties Offer Peace of Mind
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
If you're interested in any of the items listed below visit: http://weidauergroup.com/buyers/mortgages/
Mortgage 101
10 Minutes with a Mortgage Expert
Should You Consider an Adjustable Rate Mortgage?
Private Mortgage Insurance
What are Points?
Which Loan Program is Right for You?
Home Equity Loans
Home Purchase Loans
So You Got Declined…
Refinance: Is it time?
Consolidating debt?
Reducing Your Debt
Interview with a Financial Planner
Mortgage Glossary
Investing and Financial Planning
Interview with a Financial Planner
Building an Investment Portfolio
Mutual Funds Basics
Personal Credit
Happy Credit Report
Reversing Bad Credit
Rebuild Bad Credit
So You Got Declined…
Other Home Valuation Resources
HUD Home-Buying Guide
Home Warranties Offer Peace of Mind
Darin Weidauer
Weidauer Group - The Leader in Real Estate
Realtor - Los Angeles - Las Vegas
CA DRE License #01870184
NV DRE License #S.0070208
702-249-8912
darinweidauer@weidauergroup.com
http://www.weidauergroup.com
1601 Pacific Coast Hwy., Suite 265
Hermosa Beach, CA 90254
3090 S. Durango #100
Las Vegas, NV 89117
Los Angeles Area
CA DRE #01870184
Search for your new home below!
English
http://www.imrmls.com/servlet/lDisplayListings?LA=EN
Spanish
http://www.imrmls.com/servlet/lDisplayListings?LA=ES
Subscribe to:
Posts (Atom)