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Mortgage Rates: May 13, 2013 Update

Mortgage rates rose last week with average rates a 30-year fixed rate mortgage rising from last week’s 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points.

Posted in: Mortgage Rates Tagged: Economy, Financial News, Mortgage Rates

Mortgage Rates: April 22, 2013 Update

Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week’s 3.43 percent and 3.90 percent year-over-year.

Posted in: Mortgage Rates Tagged: Economy, Financial Reports, Mortgage Rates

Fed Meeting Minutes Reveal Rising Wealth Among Homeowners

The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013.

These periodic meetings by the FOMC cover a wide ranging group of topics that impact the overall economy in the United States.

Posted in: Federal Reserve Tagged: Economy, FOMC Minutes, Personal Wealth

Federal Jobs Report Shows Biggest Increase Since 2008

The Bureau of Labor Statistics (BLS) issued its Job Openings and Labor Turnover report for February on Tuesday, June 9th, 2013.

Posted in: Financial Reports Tagged: Economy, Jobs Report, Purchase, Recovery, Refinance

Fed Meeting Statement Reveals Good News For Real Estate

The Federal Reserve’s statement after yesterday’s Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed’s dual commitment to keeping long term interest rates down and encouraging economic growth.

Posted in: Federal Reserve Tagged: Economy, FOMC, Inflation, Interest Rates

Surprisingly Strong Jobs Report May Affect Mortgage Rates

Last week’s jobs report — a combination of the Department of Labor’s non-farm Payrolls Report and Unemployment Rate — provided investors and job seekers with unexpected good news.

Posted in: Housing Analysis Tagged: Economy, Interest Rates, Jobs Report

Contact Jon Now

Parkland FL REALTOR®Jon Klein, REALTOR®, P.A.,GRI

954-415-5595 Direct

954-449-9325 Office

954-827-0464 Fax

jon@jonklein.com

5691 Coral Ridge Drive
Coral Springs, FL 33076

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