Freddie Mac today released the results of its Primary Mortgage Market Survey showing average fixed mortgage rates moving lower for the first time in four weeks and remaining near late May, 2013 lows. News Facts 30-year fixed-rate mortgage averaged 3.75 percent with an average 0.6 point for the week ending March 5, 2015, down from last week when it averaged 3.80 percent. … [Read more...] about Mortgage rates dropping
Latest real estate transfers
Real Estate Transfers during the period of Jan. 16 to 31, 2015. Wading River 11792 Vohora Realty LLC to 2051 Manor Road Realty, 2051 Wading River Manorville Rd., Minimart, .82 Ac., $560,000; on Jan. 16, 2015. E. Carrera to K. Barra & M. Slasinski, 31 Julia's Way, Residential Vacant Land, 3.86 Ac., $240,000; on Jan. 20, 2015. Ianiello … [Read more...] about Latest real estate transfers
Latest real estate transfers
Real Estate Transfers during the period of Jan. 1 to 15, 2015. Wading River 11792 T. & K. Zale to M. Manick & C. Houghton, 25 South Rd., One Family Year-Round Residence, .8 Ac, $375,000; on Jan. 5, 2015. Campo Brothers to J. & J. Bailey, 138 Calverton Ct., One Family Year-Round Residence, .91 Ac., $479,661; on Jan. 9, 2015. S. Roeser 7 T. … [Read more...] about Latest real estate transfers
NAR: Home-price growth slightly accelerates in fourth quarter of 2014
The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market, according to the latest quarterly report by the National Association of Realtors®. The median existing single-family home price increased in … [Read more...] about NAR: Home-price growth slightly accelerates in fourth quarter of 2014
Pending Home Sales Stall in December
Despite interest rates being at their lowest level of 2014, pending home sales cooled in Dec. but remained above year-over-year levels for the fourth consecutive month, according to the National Association of Realtors®. All major regions experienced declines in Dec. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 3.7 percent … [Read more...] about Pending Home Sales Stall in December