Like the song says "And The Beat Goes ON"..... so does this housing market !

ORANGE COUNTY STATISTICS THRU MLS 9/4/09

                                This Week   Last Week   Last Year    

 

New Listings               702               793               732

Solds                         1277             1442              851

Days on the market      64                67                 72

Inventory                      8318            8399             13556

Short Sale Listings       2119            2151              4250

REO Listings               351              321                1158

 

And......Mortgage rates are slightly lower this week. 

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.07 percent with an average 0.7 point for the week ending September 10, 2009, down from last week when it averaged 5.08 percent.

 

Last year at this time, the 30-year FRM averaged 5.93 percent. The 15-year FRM this week averaged 4.50 percent with an average 0.7 point, down from last week when it averaged 4.54 percent. A year ago at this time, the 15-year FRM averaged 5.54 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 4.51 percent this week, with an average 0.5 point, down from last week when it averaged 4.59 percent. A year ago, the 5-year ARM averaged 5.87 percent.

 

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