Mortgage Rates Stay Low to Start 2007

From www.nwitimes.com Rates on 30-year mortgages were unchanged in the first week of the new year after posting three consecutive increases to close out 2006. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.18 percent this week, the same as last week. Analy

Report: NWI Home Values to Increase in 2007

From www.post-trib.com What housing bubble? While much of the nation suffers from continued falling housing prices, Lake County will see 3.2 percent growth over past year in residential real estate value in 2007, according to a report by Fortune magazine. This places Lake fifth in the Midwest and 30

Mortgage Rates Drop Again…

Courtesy: CNNMoney.com Mortgage rates fell for the sixth week in a row, to nearly the lowest level of the year, as a slowing housing market helped keep rates down, a survey said Thursday. The 30-year fixed mortgage rate fell to 6.11 percent in the week ended Dec. 7 from 6.14 percent in the prior wee

Experts: Housing Marking in Good Shape

Courtesy: CNNMoney.com A top economist and market strategist at Citigroup both say they did not think the housing slowdown is going to cause the economy to plunge into a recession or the stock market to fall into a tailspin in 2007. Speaking at a breakfast for financial reporters at the company’s he