Findings of the German GfK Consumer Climate Study for May 2008 Rising inflation in May of this year has clouded the mood among consumers. The economic outlook indicator, income expectations and the propensity to buy all suffered considerable losses. As a result, the consumer climate indicator for June is forecasting a value of 4.9 points [...]
The Needham branch of Fairway Independent Mortgage Corporation, dba Fairway New England Mortgage, was named the number one branch out of 100 Fairway offices nationwide at the company’s recent annual meeting. The Needham branch showed significant growth in volume during 2007 in spite of a sluggish economy, making their success very noteworthy. In addition to [...]
Existing-home sales slowed in April, partly because restrictive lending practices hampered home buyers. At the same time, a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the market is better positioned for a turnaround, according to the National Association of Realtors(R). Existing-home sales [...]
Fixed mortgage rates pulled back this week, with the average conforming 30-year fixed mortgage rate dropping to 6.02 percent. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.44 discount and origination points. The average 15-year fixed rate mortgage popular for refinancing fell to 5.63 percent, [...]