Blog Archive for July 2010


More record lows for mortgage rates in Coeur d'Alene!

Posted July 30, 2010 | 0 Comments

 

mortgageratesU.S. mortgage rates fell again in the past week, with the average rate on 30-year and 15-year fixed-rate mortgages furthering record lows, according to Freddie Mac's weekly survey of mortgage rates.

Rates have remained at or near record lows as the Treasury market has rallied amid stock-market volatility. A rally in Treasurys pushes yields lower, and mortgage rates generally track those yields.

The 30-year fixed-rate mortgage averaged 4.54% for the week ended Thursday, down from the prior week's 4.56% and 5.25% a year ago. The rate sits at the lowest point since Freddie began tracking it in 1971.

Rates on 15-year fixed-rate mortgages were 4%, down from 4.03% and 4.69%, respectively. It is at the lowest point since 1991, when Freddie started tracking it.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.76%, lower than the prior week's 3.79% and 4 ...


Buyer trends in Coeur d'Alene luxury real estate

Posted July 27, 2010 | 1 Comment

Although many luxury homebuyers say that interest rates do not affect their ability to buy, the fact that interest rates have remained historically low has affected the overall real estate ...


A second home in Coeur d'Alene just simply makes sense

Posted July 24, 2010 | 1 Comment

If you are aware of what's happening in the financial world, you're probably looking for a place to position assets given the extreme volatility of U.S. equity markets and paltry ...


Kootenai Humane Society's Tails at Twilight Fundraiser a Huge Success

Posted July 23, 2010 | 0 Comments

On July 20, 2010, Black Rock Properties, LLC sponsored the Tails at Twilight fundraising event to support the Kootenai Humane Society in their mission to help provide care to animals ...


Interest rates tell us it is time to buy in Coeur d'Alene!

Posted July 16, 2010 | 0 Comments

Borrowing money to buy Coeur d'Alene real estate may be a more complex process than it was several years ago, but when interest rates are lower than they've been in ...