Freddie Mac’s Dec. 24 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates edging slightly higher while remaining near their 2014 lows amid mixed housing and economic news.
We have reached the time of year when year-to-date and rolling 12-month time calculations become especially reliable. Buyer and seller activity continues at a decent clip, though generally lower than the spring and summer selling seasons. With the price of gasoline where it is, holiday spending should be strong, which benefits the economy and is, therefore, also good for housing. There’s plenty to be cheerful about this December.
In the Twin Cities region, for the week ending December 13:
For the month of November:
All comparisons are to 2013
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity.
Freddie Mac’s Dec. 18 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates falling to new lows for this year as 10-year Treasury yields closed at their lowest level since May 2013.
Trendsetters in economic analysis have lately been choosing comparative figures between the present and 2007 as the must-have items of the season. Comparing recent data on unemployment, spending habits and housing starts to the vintage days of 2007 are opening up the conversation of the economy’s future. Recovery is in style and may even continue as we dive headlong into the heart of the winter months.
In the Twin Cities region, for the week ending December 6:
For the month of November:
All comparisons are to 2013
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
