Local Home Sales Decline, While Prices Climb

Local Home Sales Decline, While Prices Climb Houston Association of REALTORSĀ® (HAR) Releases October Market Update   Sales of existing single family homes declined across all areas of Northeast Houston for the second consecutive month, according to the Multiple Listing Service Market Update released by the Houston Association of Realtors (HAR).  The number of homes sold Continue reading


Mortgage News

Last week, the Federal Reserve did as promised and discontinued its policy of buying mortgage-backed securities as of March 31. By purchasing housing loans, the Fed has provided much-needed capital for distressed lenders and investors. The policy was in effect to help subsidize the housing market and keep mortgages rates abnormally low.

So what do the experts predict will happen to the mortgage rates? The leader of Freddie Mac, one of the two government-run mortgage financing companies, does not foresee an upswing in the rates in the immediate future. “There’s not going to be, at least in the short term, a major dislocation and a major move up in mortgage rates,” said Freddie Mac CEO Ed Haldeman in a recent Forbes.com article.