Thursday, August 23, 2012

Morning Real Estate Review


State of the DC market summer of 2012 (Huffington Post)  This time when your agent tells you your house of choice is not going to last long so bid fast, he might not actually be lying.

Mortgage rates move lower following Fed minutes (Mortgage News Daily) Mortgage rates moved sharply downward following the release of the Federal Reserve Bank's minutes.  Fed officials showed a strong commitment toward aggressive policies that would help the bond market, sending interest rates lower.

Voters fault Obama and Romney on solution to mortgage crisis (Huffington Post)  President Obama's timid response to the housing crisis and Romney's silence on the issue have voters unhappy with both when it comes to solving the underwater mortgage problem.

Fannie Mae tightening standards for some loan types (Businessweek) FNMA, the largest provider of capital for home loans, said it will reduce loan to value ratios for some types of home purchases and refinances, from 97% to 90%.  The average credit score requirement will go from 620 to 640.

Existing home sales rise despite tightening inventories (Mortgage News Daily)  Sales of existing homes increased in July across the nation, to 4.47 million annually, a slight increase over June but a bigger increase over July of 2011.

4 comments:

basement remodeling va on Aug 30, 2012, 11:06:00 PM said...


Hi nice Post written by you guys. It is amazing and wonderful to visit your site. Thank a ton for such a nice post.

basement remodeling va on Aug 30, 2012, 11:09:00 PM said...

Thanks for the post. I had been looking for something related and found your web site in the process.. I will definitely be back for more.

basement remodeling va on Aug 30, 2012, 11:11:00 PM said...


Delighted that I found your site, fantastic info. I will bookmark and try to visit more frequently.

basement remodeling va on Aug 31, 2012, 12:15:00 AM said...

Thank you for your post. This is excellent information.

 

DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template