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Freddie Mac reports mortgage rates fall for Northeast and nationally

May 03, 2012
In its Primary Mortgage Market Survey for the week ending May 3, 2012, Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) for the Northeast averaged 3.85 percent with an average 0.8 point, down from 3.9 percent the previous week.

The 15-year FRM for the Northeast also fell, dropping from 3.14 percent to 3.08 percent with an average 0.7 point. 

Nationally, the 30-year FRM decreased from 3.88 percent to 3.84 percent, while the 15-year FRM fell from 3.12 percent to 3.07 percent.

To read the entire Freddie Mac press release, click here.

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New York State housing market sales strong despite decline from year-ago totals

The New York State housing market posted a strong sales total of nearly 11,000 homes in August, despite a decline of more than 9 percent from the exceptional August 2013 mark. The statewide median sales price posted a slight increase from a year ago to reach $239,000. Click here to read more.