Fixed mortgage rates edge down, ARMs mixed

Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) averaged 5.06 percent this week, down from last week’s 5.09 percent.  Last year at this time, it was averaged 4.96 percent. Continue reading

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Wall Street bonus impact leaves many guessing

Photo by epicharmus.

It is hardly surprising that there has been a flurry of stories in the last few days about the impact that heady bonuses will have on Wall Street.  Will they goose real estate sales, especially at the higher end? Continue reading