Single Family Activity Week Ending 9.12.08

Active Single Family Listings: 7292
Average List Price: $ 449,000
Average DOM: 119
Single Family Sold: 101
Average Sale Price: $ 296,000 = 94% List Price
Average DOM: 89

President Bush on Wednesday signed into law a housing bill that aims to boost the housing market and solidify mortgage finance giants Fannie Mae and Freddie Mac. Click here to read about Fannie & Freddie.
A larger role for the Federal Housing Administration: The FHA will be allowed to insure up to $300 billion in new [...]

The new housing rescue bill signed Wednesday takes aim to bolster Fannie Mae and Freddie Mac.  In a late additon to the bill, the law allows authority for the Treasury to lend a financial hand to Fannie Mae and Freddie Mac if it deems it necessary to help stabilize markets.
For starters, a more strict regulator will be [...]

The rate on 30-year mortgages rose for a third straight week, hitting the highest level in more than three months. The 30-year, fixed-rate mortgages averaged 6.24 percent this week, up from 6.04 percent last week. Rates on 15-year mortgages rose to 5.72 percent from 5.64 percent. Rates on five-year adjustable-rate mortgages rose to 5.43 percent [...]