Author Archives: Justin Bailey

Currently, the 30-year fixed mortgage rate on Zillow Mortgage Marketplace is 3.82 percent, which is up 13 basis points from 3.69 percent at this same time last week. The 30-year fixed mortgage rate remained between 3.7 and 3.8 percent for … Continue reading →

Just before announcing a large natural gas discovery off the coast of Mozambique, The Woodlands, Tx-based independent oil and gas firm apparently stated that it’s moving ahead with plans to construct a new office tower. A source informed Swamplot that … Continue reading →

The average rate on the 30-year fixed-rate mortgage decreased to 3.91% in the week ended January 5, which matches a record low, compared with 3.95% in the prior week, according to Freddie Mac. The rate was at 4.77% a year … Continue reading →

This week, fixed mortgage rates jumped from their record lows. According to Freddie Mac, the average on the 30-year home loan gained 3.95 percent from 3.91 percent. Dating to the 1950s, last week’s rate was the lowest average on records. … Continue reading →

The average rate on the 30-year fixed mortgage dropped back down to 3.94 percent, the record low set earlier in the fall. Low rates offer a historic chance for those who can afford to buy or refinance. According to Freddie … Continue reading →

Nationwide, sales of new homes increased 1.3% on a monthly basis and up 8.9% year-over-year, reaching an annual rate of 307,000. Should October’s increase in sales prove accurate, the gains will have come at the cost of prices. Both average … Continue reading →

According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence increased in November. Given that numbers were skewed by the home buyer tax credit, this month’s reading is the best the index has seen since April … Continue reading →

Currently, the 30-year fixed mortgage rate on Zillow Mortgage Marketplace is 3.83 percent, which is up one basis point from 3.82 percent at this same time last week. After falling to 3.77 percent on Thursday, the 30-year fixed mortgage rated … Continue reading →

This week, mortgage rates continued to hold their ground, as housing market indicators showed consumer confidence is soft, housing prices are flat and new home sales rose from their very low levels, according to Freddie Mac’s chief economist. For the … Continue reading →

In September, Houston, Tx’s housing market grew as home sales spiked, prices increased and inventory decreased, according to the Houston Association of Realtors. Last month, realtors sold 4,635 single-family homes, which is up 17 percent over September 2010 and the … Continue reading →