Monday report from Inman News...
Hello all,
Team WOWWHEE.com's Chun Liu here. Just wanted to update you on the mortgage rates and something of interest in real estate from Inman News. Tell me what you think!
Overnight real estate rates tumble
30-year fixed rate at 6.31%; 10-year Treasury yield at 5.06%
Monday, July 17, 2006
Inman News
Long-term mortgage interest rates fell slightly Friday, and the benchmark 10-year Treasury bond yield fell to 5.06 percent.
The 30-year fixed-rate average fell to 6.31 percent, and the 15-year fixed-rate decreased to 6.02 percent. The 1-year adjustable fell to 5.47 percent.
The 30-year Treasury bond yield was unchanged at 5.11 percent.
Rates are current as of 7:15 p.m. Eastern Standard Time.
Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.
In other economic news, the Dow Jones Industrial Average lost 106.94 points, or 0.99 percent, finishing at 10,739.35. The Nasdaq was down 16.76 points, or 0.82 percent, closing at 2,037.35, a 14-month low.
Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time.
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(and now something different)
Fort Collins tops 'Best Places' list
California claims majority of priciest housing markets
Monday, July 17, 2006
Inman News
Money magazine rated Fort Collins, Colo., as the best place to live in America, according to its latest annual list. Naperville, Ill., ranked second, while Sugar Land, Texas, was third.
The magazine report also includes a list of cities with the highest median home price and cities with the highest annual rate of home-price appreciation. Newport Beach, Calif., ranked highest in median home price, at $1.36 million, according to the report, followed by Greenwich, Conn., at $1.13 million and Santa Barbara, Calif., at $979,500.
Eighteen of 20 cities in this list are in California. The median home-price data was supplied by OnBoard and is based on actual sales within city boundaries that were collected from county and municipal assessors' offices.
Meanwhile, data from OnBoard also revealed that Providence, R.I., had the highest rate of annual home-price appreciation, at 52.4 percent. Providence was followed by Avondale, Ariz., with 43.2 percent, and Bakersfield, Calif., at 42.8 percent. Ten cities in this top-25 list are in California, while seven are in Arizona and five are in Florida.
The Best Place to Live in America list is based on the availability of good jobs, a low crime rate, quality schools, abundance of open space and activities, and housing costs. "These places reflect the qualities that most Americans want when it comes to a place to live and raise a family -- the opportunity for themselves and their children to prosper and a quality of life that lets them enjoy the fruits of their work," Money magazine executive editor Craig Matters said in a statement.
Columbia/Ellicott City, Md., placed fourth on the list of best places, followed by Cary, N.C.; Overland Park, Kan.; Scottsdale, Ariz.; Boise, Idaho; Fairfield, Conn.; and Eden Prairie, Minn. The list is based on an analysis of 745 places that have populations above 50,000.
The magazine's editors and writers worked with data provider OnBoard of New York City and consultant Bert Sperling of BestPlaces.net in crafting the list, and also "visited cities across the country, interviewing residents, community leaders and local officials before compiling the final rankings," according to a magazine announcement.
"Fort Collins combines the vibrancy of a city with the comforts of the suburbs -- good jobs and schools, a lively downtown, reasonable cost of living and, up there in the Rockies, an incredible outdoor life -- it's the kind of place people want to live in," Matters stated.
The magazine's report at its Web site also includes rankings for cities with the highest incomes, lowest crime rates, best job growth, shortest commutes, hottest and coldest climates, most singles, youngest population, skinniest residents, and cleanest air.
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posted by Chun Liu @ 7:13 PM
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