Day: 26 ThuAsia/Phnom_Penh2009-12-24T15:20:46+07:00Asia/Phnom_Penh12bAsia/Phnom_PenhThu, 24 Dec 2009 15:20:46 +0700 2013

by

If you think mortage rates won’t rise, think again

The 30-year fixed-rate mortgage (FRM) averaged 5.05 percent this week, up from last week’s 4.94 percent. Last year at this time, the 30-year FRM was 5.14 percent, according to Freddie Mac.

After reaching historic lows months ago and matching them a couple of weeks ago, rates have been inching up. Continue reading →

by

This list exemplifies why I’m skeptical about lists

Merced, Calif., is a quiet, residential city an easy drive from Yosemite National and Pacific Coast beaches.  It’s also a perfect case study for the aftermath of the housing crisis.

Beautiful downtown Merced, California.

Such is the leisurely beginning of a piece in Forbes purporting to list cities where homes are losing the most value. Continue reading →