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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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Strong 2014 New York State housing market posts second highest sales total in seven years

Closed sales of residential properties in New York State surpassed the 100,000 mark for the second consecutive year to reach 106,919 during 2014, according to the housing market report released by the New York State Association of REALTORS. The 2014 annual median sales price of $225,000 kept pace with last year. Click here to read more.