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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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2014 New York State housing market sales strong through three quarters

Home sales throughout New York State remained at a strong level through the third quarter of 2014, even as closings fell off the 2013 pace. Third quarter closed sales decreased by 4.3 percent compared to the same period last year, while the statewide median sales price remained close to the 2013 third quarter level. Click here to read more.