“Home Prices Will Decline by an Additional 5%-7% From the 2006 Peak”
Let Subprime Blogger be your mortgage news source and help you stay up to date on current mortgage rates. We offer information on daily mortgages rates and how they correlate to the 10 year treasury rate so make sure to check back each morning. S&P’s chief economist David Wyss expects “home prices will decline by [...]
Mortgage Rates Go Lower; Will It Save You any Money?
Please make sure to use Subprime Blogger to stay current on daily mortgage rates and all the mortgage news. Mortgage rates went lower this week as the Freddie Mac weekly survey showed rates at 5.38%. Average mortgage rates have been all over the map lately so it is not surprising at all that this is [...]
Phoenix Home Prices – Over a 50% Decline
Thanks to Zillow.com for the chart above that shows just how bad things have gotten in the Phoenix housing market. The Case-Shiller Index illustrates that Phoenix is down 53% since the July 2006 top. It will be very interesting to see if higher mortgage rates affect this trend even more. I would like to hear [...]