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 →
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 →