The Home Front


March 2008


Mortgage Rates Dip, Freddie Mac Says

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This week's average interest rate on a 30-year fixed-rate mortgage fell slightly, to 5.85 percent, from an average of 5.87 percent last week, according to Freddie Mac's survey.

"Long-term mortgage rates were mixed but relatively unchanged in the past week, as the latest economic indicators came in ...

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TAGS:
Freddie Mac
mortgages

Homebuilder Lennar Loses $88 million

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Lennar, one of the country's leading homebuilders, reported a first-quarter net loss of $88.2 million, after turning a $68.6 million profit in the same period last year. The results were not nearly as bad as some had expected, sending the company's shares more than 4 percent higher in ...

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TAGS:
housing
real estate

Real Estate, the Bargain of the Century?

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So says analyst Dick Bove of Punk Ziegel in a research note released this morning (bold is mine):

Every study I have read is convinced that housing prices will continue to drop for an extended period. This is as dead wrong as the reports that argued some years ago that housing prices would ...

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TAGS:
real estate

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