Thursday, October 25, 2012

Morning Real Estate Fix

Mortgage rate approaching Fed funds rate (Daily Mortgage Reports)  With mortgage rates at all time lows, the FOMC is not likely to change interest rates in general, and mortgage rates are historically close to the Fed's interest rate benchmark.

Is DC's market headed up or down?  (Daily Beast)  A set of reasons and explanations - though not necessarily conclusions - about what has been happening in the DC real estate market, and what may be in store.

64 unit condo planned for Dupont Circle (Urban Turf)  The row of buildings on N Street, owned by Mort Bender and vacant for decades, may actually be turned into something useful.

28% of home sales all-cash transactions (National Association of Realtors)  Though similar to last year's number, economists say the high rate of cash purchases shows that mortgage standards have tightened appreciably.


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