Archive for March 2010

Mortgage rates fall below 5 percent again

Mar 5th, 2010 | By Gregory Arzumanov | Category: Financial News

McLEAN, Va. March 5, 2010 Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.
The average rate on a 30-year fixed rate mortgage was 4.97 percent this week, down from 5.05 percent a week earlier, mortgage finance company [...]



Buffett predicts downturn will end in 2011

Mar 2nd, 2010 | By Gregory Arzumanov | Category: Housing News

NEW YORK March 2, 2010 Billionaire investor Warren Buffett predicted that the real estate market downturn would end by 2011 as the housing inventory declines.
Within a year or so, residential housing problems should largely be behind us, Buffett wrote in his annual letter to the shareholders of Berkshire Hathaway, where he is chairman [...]