Coos Bay Properties

Author's details

Name: Coos Bay Properties
Date registered: March 1, 2011

Latest posts

  1. Mortgage Rates Fall From Last Week — February 6, 2014
  2. Mortgage Costs Fall — February 5, 2014
  3. Report Suggests It’s A Great Time To Flip Houses — February 4, 2014
  4. Home Equity Among Seniors Rises — February 3, 2014
  5. Foreclosure Sales Hit Three Year High — January 31, 2014

Author's posts listings

Feb
06

Mortgage Rates Fall From Last Week

Road-arrow

Mortgage rates fell this week from last week as new housing data was revealed. The 30-year fixed-rate mortgage averaged approximately 4.23%, down 0.10% from the previous week. The 15-year fixed-rate mortgage averaged 3.33%, down from 3.4% that was reported last week. The vice president and chief economist at Freddie Mac, Frank Nothaft said, “mortgage rates …

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Feb
05

Mortgage Costs Fall

Calculator_House_Money

Mortgages costs fell this week, and according to data from Fannie Mae, Freddie Mac, and Ginne Mae, it could be due to a recent increase in agency mortgage bonds last week. Experts say that bond values are ascending due to the falling long-term Treasury rates, helping the cost of mortgages to decline. Sterne Agee analyst, …

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Feb
04

Report Suggests It’s A Great Time To Flip Houses

House-Flip

House flipping jumped last year, averaging a 16% increase from 2012, and a significant 114% jump from 2011 according to RealtyTrac’s year-end 2013 Home Flipping Report. Last year 156,862 homes were purchased, flipped and sold within a six month time frame. Data shows that the average house flipping gross profit in 2013 was approximately $58,081, …

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Feb
03

Home Equity Among Seniors Rises

Money-House

According to new data released by the National Reverse Mortgage Lenders Association and Riskspan, home equity among seniors has improved over the last few years, and hit a five-year high in the third quarter of last year. Total home equity among seniors jumped 3.4%, averaging $3.46 trillion and increasing 165.7 points on the NRMLA/Riskspan Reverse …

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Jan
31

Foreclosure Sales Hit Three Year High

Foreclosure-3

Foreclosure sales and short sales made up approximately 16.2% of residential sales in the United States last year, according to RealtyTrac’s 2013 U.S. Residential and Foreclosure Sales Report. That percentage is up 14.5% from 2012, and up 15.2% from what was reported in 2011. Foreclosure activity has been decreasing, falling to a seven-year low last …

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Jan
30

ARMs Gain In Popularity

Arrow-Up-3

According to the 30th annual ARM Survey released by Freddie Mac, ARM initial-period rates have jumped from the previous year but are still considered historically low. Adjustable-rate mortgages have grown more popular as rates on 30-year fixed-rate mortgages have become higher. The Vice President of Freddie Mac, Frank Nothaft said, “homebuyers have preferred fixed-rate mortgages …

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