Thursday - May 14 Online real estate data firm and broker Redfin reported today that home sales across its markets rose at a rate of 5.4% from April 2014 to April 2015. In addition, the median home price rose 6.5% to $275,000 over the same period. April was the third month in a row that prices grew above 6%, signaling that demand continues to strengthen home prices. The report also showed that growth in home prices slowed for much in 2014 at a rate of 5.5%. RealtyTrac, the nation's leading source for comprehensive housing data, reported on Thursday that there were 1,551,865 loans originated on single family homes and condos in the first quarter of 2015, down 6% from the fourth quarter of 2014, but up 17% from the first quarter of 2014. RealtyTrac said that due to a decline in interest rates early in 2015, combined with low mortgage insurance premiums for FHA loans "breathed some life back into the refinancing market in the first quarter."
Home loan rates pushed higher for the third week in a row, due to a gain in employment and a rise in Bond yields. Freddie Mac's weekly survey of rates showed the 30-year fixed home loan rate at 3.85% with 0.6 in points and fees. The 3.85% is up from 3.80% in the previous week, but below the 4.20% seen a year ago. Historically, home loan rates continue to hover near record lows, which has been due in part to the various stimulus programs enacted by the U.S Federal Reserve Bank. The programs were meant to promote economic and job growth, along with shoring up the housing market by putting downward pressure on interest rates.
Author:Julie Cosgrove BRE #00828743 Phone: 209-298-0252 Dated: May 14th 2015 Views: 199 About Julie: Julie was born and raised in Stockton CA, she married her high school sweetheart George and has 2 bo...
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About Julie Cosgrove Real Estate Professionals at Keller Williams Realty
California REALTOR® Julie Cosgrove is a driven individual that not only pushes herself to achieve excellence but will make it her priority to transform her client’s dream home into a reality. She and her team believe in Exceeding Expectations of their clients
Julie and her team’s positive approach and no nonsense attitude will help guide their client’s through their transaction. They will outline the buying and selling process, stay in close contact and constantly affirm that they have their clients best interest at heart. She and her team strive for trust, coupled with support, so her clients can enjoy a smooth transaction.
Recently Julie started her sister company, One Simple SOLUTION. As Julie’s real estate business grew, she saw a need to help seniors downsize or transition into senior-centered living. The desire of this company is to make our Senior Citizens and families feel as calm and stress free as possible during their transition from one home to the next. One Simple Solutions works hand in hand with each realtor to make sure that their clients is completely taken care of from the packing stages to the complete move to their new location. No stone is left unturned. We offer organization, helpful tips and more to make this move as uncomplicated as possible.
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"We have bought and sold homes with Julie, one of which was a short sale. She has always been very professional and accommodating to our needs, whether is be coming out on the weekends or getting loan documentation to us at 9pm on a weekday. My wife and I currently live in our dream home, we would recommend Julie to any of our friends and/or family."