U.S. Mortgages Rates Continue To Set New 60-Year Record Lows

Frank Nothaft According to Freddie Mac’s latest weekly Primary Mortgage Market Survey (PMMS), fixed-rate mortgages remaining near their 60-year lows as ongoing investor concerns over the European debt market kept Treasury bond yields low. The 30-year fixed averaged 4.09 percent,
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U.S. Mortgage Applications up 6.3% This Week

Based on the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 9, 2011, mortgage applications increased 6.3 percent from one week earlier. This week’s results include an adjustment to account for the Labor Day holiday. The Mar
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U.S. Has Zero Job Growth in August, Not Happened Since 1945

And the beat goes on with lack-luster U.S. job growth in August. The U.S. Bureau of Labor Statistics reported today that nonfarm payroll employment was unchanged (0% change) in August, and the unemployment rate held at 9.1 percent. The last time this occurred was in World War II (1945
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U.S. moves to block AT&T’s purchase of T-Mobile (Reuters)

Reuters – The U.S. government on Wednesday sued to block AT&T Inc’s $ 39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices. Yahoo! News: Business News
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New Home Sales in U.S. Remain Relatively Flat in July

According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in July 2011 were at a seasonally adjusted annual rate of 298,000. This is 0.7 percent (±12.9%) below the revised June rate of 300,000, but is 6.8 percent (
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U.S. Mortgage Rates Hit 50-Year Record Lows This Week

Frank Nothaft According to Freddie Mac (OTC: FMCC) latest Primary Mortgage Market Survey (PMMS), showed that mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance. The 30-year fixed averaged 4.15 perce
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Builder Confidence Index Remains Flat in August, Despite U.S. Market Uncertainty

David Crowe Based on the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, builder confidence in the market for newly built, single-family homes held unchanged at a low level of 15. “Builders continue to confront the same major chall
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Fitch affirms U.S. AAA rating, disagrees with S&P (Reuters)

Reuters – Fitch Ratings on Tuesday confirmed the United States’ top-notch credit rating and, in blatant disagreement with rival Standard & Poor’s, gave a vote of confidence to Washington’s deficit-reduction efforts. Yahoo! News: Business News
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Beacon Capital Wins Bidding for 14 U.S. Office Buildings

Charter Hall Office REIT in Sydney, Australia, executed binding contracts to sell its interest in 14 U.S. office buildings for $ 1.71 billion to entities affiliated with Beacon Capital Partners LLC. The gross sale price represents a $ 35 million (or 2%) premium to the Dec. 31, 2010, b
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Seaport Real Estate Continues to Trump Overall U.S. Industrial Market in 2011

Despite ongoing economic unrest, port properties have enjoyed a stellar year. According to Jones Lang LaSalle’s third annual Port, Airport and Global Infrastructure (PAGI) report, commercial real estate in the markets surrounding the country’s seaports is leading the U.S.
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