Elaine’s Newest MLS Condo Reports for 11/06/2012

Here are my updates for November 6th, 2012

11-06-2012  New MLS Condo Report
11-06-2012 MLS Condo Inventory
11-06-2012 MLS Caravan

Current Market Rates

The average 30-year and 15-year mortgage rates and the 10-Year Treasury Note rate decreased slightly in the week ending November 2, 2012. The 91-day Treasury Bill rate increased. The difference between the 30-year mortgage rate and the 10-Year Treasury Note rate remained level at 1.57%. This is 0.17% above the historical spread, indicating homebuyers are still overpaying for loans.

The rates used to set adjustable rate mortgages (ARMs) showed mixed signals in September 2012. The 6-Month Treasury Bill and the Treasury Securities Yield remained level, the 12-Month Treasury Average increased and the London Inter-Bank Offered Rate (Libor) decreased. Rate changes in October will indicate if ARMs rates have finally reached their bottom after dropping for over a year.

Chart updated 11/1/12
Current                 Month ago          Year ago
11/01/12               10/4/12               11/3/11
3.35%                   3.34%                  3.94%

The average 30-year commitment rate is the rate at which a lender commits to lend mortgage money in the United States-West as reported by Freddie Mac. The western region includes CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, and GU. More information is available on Freddie Mac’s Primary Mortgage Market Survey report.

For the full analysis, click here.

Elaine
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to buy and not a bad time to sell”

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