Author Archives: John Rutledge

January 24, 2008 – Existing-home sales fell 2.2% in December to a seasonally-adjusted rate of 4.89 million, the National Association of Realtors reported Thursday, marking the lowest rate in nine years. Resales are down 22% year-over-year and 32% from the … Continue reading →

January 24, 2008 – U.S. fixed-rate mortgages for the week ending January 17 fell to their lowest levels since the spring of 2004, Freddie Mac released Thursday in its weekly mortgage survey. The 30-year fixed-rate mortgage averaged 5.48%, down from … Continue reading →