Wednesday, February 3, 2010
Tuesday, February 2, 2010
30 Year Conventional Mortgage Interest Rate Forecast.htm
the Financial Forecast CenterTM
Independent. Objective.
30 Year Mortgage Interest Rate Forecast
30 Year Mortgage Interest Rate Forecast
30 Yr Conventional Mortgage FHLMC Contract Rate. Percent Average of Month.
| Month | Date | Forecast Value | 50% Correct +/- | 80% Correct +/- |
| 0 | Dec 2009 | 4.930 | 0.00 | 0.00 |
| 1 | Jan 2010 | 5.03 | 0.12 | 0.27 |
| 2 | Feb 2010 | 4.97 | 0.15 | 0.34 |
| 3 | Mar 2010 | 5.02 | 0.17 | 0.39 |
| 4 | Apr 2010 | 5.09 | 0.19 | 0.42 |
| 5 | May 2010 | 5.12 | 0.20 | 0.46 |
| 6 | Jun 2010 | 5.10 | 0.22 | 0.49 |
| 7 | Jul 2010 | 5.08 | 0.23 | 0.51 |
| 8 | Aug 2010 | 5.06 | 0.24 | 0.53 |
All forecasts are provided AS IS, and FFC disclaims any and all warranties, whether express or implied, including (without limitation) any implied warranties of merchantability or fitness for a particular purpose.
Click Here to get the rest of the story with the Long Range forecasts
30 Year Conventional Mortgage Interest Rate
Past Trend Present Value & Future Projection
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A long range forecast for this or similar economic series is available by subscription
Click here for more information or to subscribe now| Current Money Rates | |
| February 01, 2010 (Close of Day) | |
| Indicator | Value |
| Prime Rate | 3.25 |
| 30 Year T-Bond | 4.51 |
| 10 Year T-Note | 3.63 |
| 91 Day T-Bill | 0.08 |
| Fed Funds | 0.12 |
| London EuroDollar 1 Month | 0.28 |
| Mortgage Rate 30 Year | 4.98 |
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Friday, January 29, 2010
Trends Update
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Today, January 29, 2010
Market View for Madison
Info
Avg. Listing Price $255,684 Wk ending Jan 20
-$725
-0.3%
w-o-w
Median Sales Price $182,000 Sep '09 - Nov '09
-$3,000
-1.6%
y-o-y
Market Trends for Madison
$255,684
-0.3%
w-o-w
$182,000
-1.6%
y-o-y
$189
+46.5%
y-o-y
871
+60.4%
y-o-y
Select chart to embed:
Most popular
zip codes
Avg. listing price
Week ending Jan 20
w-o-w
$215,684
+1.4%
$279,042
+1.2%
$247,538
-0.6%
$361,599
+1.0%
$372,002
-0.2%
Movers & Shakers
Avg. listing price
Week ending Jan 20
w-o-w
$306,164
+5.1%
$176,743
-3.2%
$215,684
+1.4%
$279,042
+1.2%
$415,485
+1.2%
Madison Summary
Average price per square foot for Madison WI was $189, an increase of 46.5% compared to the same period last year. The median sales price for homes in Madison WI for Sep 09 to Nov 09 was $182,000 based on 871 home sales. Compared to the same period one year ago, the median home sales price decreased 1.6%, or $3,000, and the number of home sales increased 60.4%.
There are currently 1,093 resale and new homes in Madison on Trulia, including 10 open houses, as well as 383 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Madison WI was $255,684 for the week ending Jan 20, which represents a decrease of 0.3%, or $725, compared to the prior week. Popular neighborhoods in Madison include Capitol and Regent, with average listing prices of $468,520 and $360,778.
Schools in Madison
Info
DISTRICT
TYPE
GRADES
SCHOOLS
STUDENTS
Madison Metropolitan School District
Public
—
52
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SCHOOL NAME
SCHOOL TYPE
GRADES
PARENT RATING
Catholic
PK - 8
Cesar Chavez Elementary School
Public
K - 5
Public
K - 5
Please consult with the school district or a local real estate pro to confirm your eligibility to enroll with a particular district or school.
Info
Mark Williams, Realtor, ABR, Broker
Howard and Williams Brokerage
Real Estate Searching date - Active web searches for the Wisconsin real estate market - Past 12 Months
| Searches Websites |
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| Scale is based on the average traffic of real estate from Wisconsin in the last 12 months. Learn more
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Mark Williams, Realtor, ABR, Broker
Howard and Williams Brokerage
Thursday, January 28, 2010
Emailing: Foreclosure plague 2009's worst-hit cities - Jan. 28, 2010.htm
Las Vegas: Most foreclosures of any city in 2009
Las Vegas - call it Foreclosure City. NEW YORK (CNNMoney.com) -- Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.
Las Vegas had the largest number of foreclosure filings of any city last year, with 12% of its households receiving at least one during the year, according to RealtyTrac, the online marketer of foreclosed homes. That was more than five times the national average.
Cape Coral, Fla., was a close second with 11.9% of its households; Merced, Calif., was third with 10.1%.
The good news is that all top 20 cities recorded declines in foreclosure filings in the last three months of the year.
The bad news is that the foreclosure plague is spreading beyond these usual trouble spots, according to RealtyTrac's CEO, James Saccacio. And, nationwide, foreclosures grew 21.2% during the year.
"Areas like Provo, Utah, Fayetteville, Ark., Portland, Ore., and Rockford, Ill., all posted foreclosure rates above the U.S. average in 2009," he said. "And markets like Honolulu, Minneapolis and Seattle saw foreclosure activity increase at more than twice the national pace over the past 12 months."
He added that the new foreclosure wave seems more grounded in traditional foreclosure causes, such as job losses, than those recorded in the Sand States, where they were much more "bubble related."
In cities such as Las Vegas, Phoenix, Miami and Bakersfield, Calif., soaring home prices of the mid 2000s drove homebuyers to desperate measures, such as taking on hybrid adjustable rate mortgages, also called toxic ARMS. These products only remained affordable as long as home prices grew; once prices stopped rising, borrowers began to default.
Some cites that had escaped the worst of the default demon in prior years saw foreclosure filings -- default notices, auction sales and bank repossessions -- soar. The Gulfport area of Mississippi recorded a year-over-year spike of 784%. Houma, La., recorded a 379% gain, and Roanoke, Va., filings jumped 352%.
Despite the big increases, however, the foreclosure rates for those cities ranked in the bottom third of the nation. For example, Gulfport was number 180 out of 203 metro areas listed.
Filings in Boise, Idaho, on the other hand, grew 103% but that was enough to put it 24th among cites, the highest ranking of any place outside the Sand States.
In contrast to the boom areas, cities where home prices never soared have endured far fewer foreclosures. The lowest rate of filings for any of the cities covered in the RealtyTrac report were found in Burlington, Vt., and Utica, N.Y, each of which had a miniscule 0.05% filing rate.
The housing boom, with its annual double-digit price increases, mostly bypassed areas like those, enabling buyers to escape the necessity of stretching their incomes to cover high housing costs.
In Burlington, the median home price has stayed under $230,000, and median home prices in Utica have been very cheap, not more than $120,000 at any time.
For cities like that, few foreclosures are caused by mortgage related issues and, as long as the local economies don't crash, defaults should remain well under national averages.
| 30 yr fixed mtg | 5.13% |
| 15 yr fixed mtg | 4.56% |
| 30 yr fixed jumbo mtg | 5.90% |
| 5/1 ARM | 4.25% |
| 5/1 jumbo ARM | 4.55% |
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