MoneyToys Blog: All Things Financial » Home Sales Data http://www.moneytoys.com/blog Commentary on Money Matters and Financial Features Sat, 05 Mar 2011 16:40:26 +0000 en hourly 1 http://wordpress.org/?v= Remember When You Thought 6% was a Great Rate? http://www.moneytoys.com/blog/remember-when-you-thought-6-was-a-great-rate/ http://www.moneytoys.com/blog/remember-when-you-thought-6-was-a-great-rate/#comments Thu, 08 Apr 2010 01:55:07 +0000 Rick http://www.moneytoys.com/blog/?p=69 If you purchased your home when rates were higher and you have not refinanced into a lower interest rate, you remember when 6% was a great interest rate.

It’s not now. The average interest rate on a 30-year fixed rate mortgage has recently jumped from 5% to more than 5.3% and home buyers in [...]]]> If you purchased your home when rates were higher and you have not refinanced into a lower interest rate, you remember when 6% was a great interest rate.

It’s not now. The average interest rate on a 30-year fixed rate mortgage has recently jumped from 5% to more than 5.3% and home buyers in the market are reportedly growing antsy to find a home and close before rates rise even more.

MSNBC.com has the article, Homebuyers scramble as mortgage rates rise: Higher payments could price many would-be buyers out of the market. It’s news, but not earth shattering. Rates will rise and homes will continue to be bought and sold. When rates were at 13% in the 70′s homes were bought and sold.

]]> http://www.moneytoys.com/blog/remember-when-you-thought-6-was-a-great-rate/feed/ 0 Home Sales | End of 2009 Summary http://www.moneytoys.com/blog/home-sales-end-of-2009-summary/ http://www.moneytoys.com/blog/home-sales-end-of-2009-summary/#comments Tue, 26 Jan 2010 03:55:10 +0000 Rick http://www.moneytoys.com/blog/?p=16 MSNBC.com reports in, Home sales tumble as first-time buyers back off, that sales of previously owned homes fell more last month (December 2009) than in any other month in the last 40 years: 16.7% according to the National Association of Realtors. However, for the first time in the last four years, home sales actually [...]]]> MSNBC.com reports in, Home sales tumble as first-time buyers back off, that sales of previously owned homes fell more last month (December 2009) than in any other month in the last 40 years: 16.7% according to the National Association of Realtors. However, for the first time in the last four years, home sales actually ended the year with an annual gain. And in one of those “not since the Great Depression” events, across the board, home prices fell more than 12 percent last year, the biggest fall “since the Great Depression”.

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