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Archive for August, 2011

Mortgage Rates Sink, Hit Yearly Low

Mortgage Rates Sink, Hit Yearly Low

Mortgage rates are in the dumper. Freddie Mac is reporting that mortgage rates have hit their lowest levels since last November. The 30-year fixed-rate mortgage averaged 4.39 percent, its lowest level for 2011. Last year at this time, the 30-year FRM averaged 4.49 percent. The 15-year fixed and 5-year ARM set new historical record lows […]

Posted in: Mortgages
Why Retail Real Estate Is In Trouble

Why Retail Real Estate Is In Trouble

Mortgages, foreclosures and lagging home sales dominate much of our real estate discussions these days, but have you noticed the large number of empty stores near your home? Have you seen the vacancies and noticed more parking at shopping malls? Randyl Drummer with CoStar writes that commercial rents have fallen 10 percent since 2008. Given […]

Posted in: News