by Phyllis Rockower | Aug 14, 2013 | Housing News
Southern California home prices are the same in July from June as more houses went on sale and interest rates rose.The median sales price in the six-county region was $385,000 last month, unchanged from June, DataQuick said Wednesday. The median is an amazing 25.8%...
by Phyllis Rockower | Jul 22, 2013 | Foreclosure Updates
Mortgage delinquencies in May posted thelargest year-to-date drop seen since 2002, Lender Processing Services (LPS) said today. Delinquencies were down 15 percent from the end of December 2012 to a May rate of 6.08 percent. This was a drop of 2.11 percent from April....
by Phyllis Rockower | Jul 13, 2013 | Housing News
The average 30 yr mortgage rate jumped to 4.51% for the seven-day period ending on July 10th. That is an increase from 4.29% a week earlier and 3.98% for the second week in June. The higher rates increased monthly principle and interest payments by roughly 6.5%....
by Phyllis Rockower | Jul 2, 2013 | Housing News
The pendulum is swinging back again. After years of scrooge like actions by the banks, things are changing. Rates are up to 4.6% for a 30 year fixed. If you hear lower rates quoted its because they are charging lots of points and fees. That’s the difference between...
by Phyllis Rockower | Jun 27, 2013 | Housing News, Uncategorized
Current Mortgage rates are up a full percentage point above their recent record lows, raising costs for borrowers and questions about the housing recovery. A standard 30-year fixed-rate home mortgage rate hit an average of 4.63% on Monday before backing off just...
