My Real Estate Blog

Freddie Mac today released the results of its Primary Mortgage Market Survey which showed the 30-year fixed-rate mortgage averaged 4.93% for the week ending May 13, 2010, down from last week when it averaged 5.00%. Last year at this time, the 30-year FRM averaged 4.86%. The 30-year FRM has not been lower since the week ending December 10, 2009, when it averaged 4.81%.

The National Association of Realtors reports that median house prices are recovering in more local areas in the latest quarter. On a year-over-year basis for the 152 areas the association reports on, 91 metropolitan areas had positive growth in the first quarter of this year. This compares to 67 areas showing positive annual growth in the fourth quarter of 2009 and only 30 cities in the third quarter of last year.

Posted by Jim McCowan on May 14th, 2010 6:11 AMPost a Comment (0)
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