30-year mortgages back above 5%

Washington Business Journal - by Jeff Clabaugh


Date: Thursday, February 10, 2011, 10:38am EST


Long-term mortgage rates continued to climb this week, with 30-year mortgages now back above 5 percent.
Freddie Mac says a 30-year fixed-rate mortgage averaged 5.05 percent in the week ending Feb. 10, up from 4.81 percent last week and the highest since April 2010. A 15-year fix averaged 4.29 percent, up from 4.08 percent last week.Adjustable rate mortgages also rose, with the average rate on a one-year adjustable-rate mortgage at 3.35 percent.
Read more: 30-year mortgages back above 5%
Washington Business Journal

Read more: 30-year mortgages back above 5%
Washington Business Journal

Washington Business Journal Reports:DC home Prices Up!

Thursday, October 7, 2010, 12:02am EDT

Modified: Thursday, October 7, 2010, 11:01am

Home prices up as national average falls
Washington Business Journal - by Jeff Clabaugh
Read more: Home prices up as national average falls - Washington Business Journal
 
The latest report on home prices shows a quarterly decline nationwide, but gains in median prices in the Washington market.

The report, from real estate data provider Clear Capital, says median home prices nationwide fell 0.2 percent from the second quarter to the third quarter, but remain 2.4 percent higher than a year ago. By region, the Northeast was the only region to show a quarterly gain in prices.
Washington remains one of the top 10 performing markets, with quarter-over-quarter prices up 3.9 percent and year-over-year prices up 7.4 percent, according to Clear Capital.
Baltimore ranked as the 14th-best performing market on a quarterly basis, with median prices up 2.4 percent, though prices are down 2.9 percent from a year ago in Baltimore.
The biggest quarterly drop in prices among large metropolitan areas was Atlanta, down 11.6 percent from the second quarter.
Read more: Home prices up as national average falls - Washington Business Journal