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Real Estate News
for 01/02/2009

(last updated 7:30am EST 01/02/2009)

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• Interest Rates Continue Downward Drift Interest Rates Continue Downward Drift
12/31/2008
Interest rates continued their slow but steady decent during the week ended December 31 according to results of the Primary Mortgage Market Survey released by Freddie Mac Wednesday morning. The 30-year fixed-rate mortgage (FRM) hit yet another historic...( read more ) (1 d ago)

• MBA Mortgage Applications Flat in Week E... MBA Mortgage Applications Flat in Week Ending Dec. 26
12/31/2008
Weekly mortgage applications in the United States were flat in the week ending Dec. 26, according to data released from the Mortgage Bankers' Association (MBA) on Wednesday. In the previous week, applications rose by 48.0%. The portion of fixed-rate...( read more ) (1 d ago)

• U.S. Facing Crisis Without All Necessary... U.S. Facing Crisis Without All Necessary Tools, Treasury's Paulson Says
12/31/2008
Treasury Secretary Henry Paulson said the government has had to face the current financial crisis without all the means to do so effectively, the Financial Times reported on Tuesday. "We're dealing with something that is really historic and we...( read more ) (1 d ago)

• Case-Shiller Home Price Index Declines A... Case-Shiller Home Price Index Declines Annualized 18% in October
12/30/2008
U.S. house prices in November are down 18.0% compared to a year ago, according to the S&P Case-Shiller U.S. home price index, with the 20-city composite index falling to a reading of 158.16. Economists had expected the index to post a year-over-year...( read more ) (3 d ago)