Rates Drop to New Lows

Magazine-Daily News-Mortgage Rates Drop to New Lows: "Mortgage Rates Drop to New Lows
Fixed mortgage rates have maintained recent lows or set new ones for more than two months now, sinking to 4.42 percent on 30-year loans for the week ended Aug. 19. The rate is down from 4.44 percent last week and is the lowest ever recorded since Freddie Mac launched its survey almost 40 years ago.

The fixed 15-year average also hit a new low, at 3.9 percent; while five- and one-year adjustable-rate mortgages remained flat at 3.56 percent and 3.53 percent, respectively.

Source: The Wall Street Journal, Amy Hoak (08/20/10)"

Multifamily Property Market Is on the Mend

"Multifamily Property Market Is on the Mend
Sales of multifamily housing is picking up nationwide, commercial practitioners say.

Buyers believe the sector is a sound bet because current prices are below construction costs in many cases and rental business is improving. Plus, there has been little additional development in the past couple of years and some industry analysts believe that shortly there will be a shortage in some markets."

Mortgage cramdowns: Debate might give new life to mortgage cramdown legislation - latimes.com

Mortgage cramdowns: Debate might give new life to mortgage cramdown legislation - latimes.com: "Debate might give new life to mortgage cramdown legislation"