St Louis Loan: New Lows For Mortgage Rates

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loan-n... St Louis Finance News: Mortgage Rates Set New Lows | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia Interest rates have continued to set all-time lows, as Zillow reported its Mortgage Marketplace showed the average rate for a 30-year, fixed mortgage is currently 4.25 percent. The real estate information firm said the rate if down seven basis points from 4.32 percent the week earlier and at the lowest level since the report launched in...

St Louis Mortgage: Businesses Still Not Hiring

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Why Companies Are Not Hiring | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia Productivity is slowing at a much quicker pace than expected. Consider the following statistics just released. After growing last year at an average annual rate of 6.2 percent as measured by output per worker, productivity slowed during the first three months of this year and fell by...

St Louis Home Mortgage: Mortgage Applications Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-m... St Louis Finance News: St Louis Mortgage Applications Are Down | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 17, 2010 decreased 1.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.9 percent compared with the previous week, which...

St Louis Commercial Real Estate In A Decline

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-commer... St Louis Finance News: Commercial Real Estate Nears Record Low | Home Mortgage and Commercial Loans | Principal Reductions | 877-334-0210 or 314-334-0210 | Floyd Tapia Commercial real estate prices dropped another 3.1 percent in July, the second-straight month of declines and only 0.9 percent above the recession low in October 2009, according to the credit rating agency Moody’s Investment Services. Currently, prices are 43.2 percent below the peak in October 2007. Over the past year, St Louis commercial real estate prices as with national properties have...

St Louis Loan: Is Housing Market Headed In Right Direction

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-loan-i... St Louis Finance News: Housing Starts Up | Principal Reduction | Home Mortgage and Commercial Loans | 314-334-0210 | Floyd Tapia According to the Commerce Department, housing starts jumped 10.5 percent to a seasonally adjusted annual rate of 598,000 in August from a revised 541,000 in July. Economists were expecting a rate of 550,000 housing starts, according to a consensus estimate from Briefing.com. New construction was up...

St Louis Refinancing: No New Jobs With Supposed Recovery

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-refina... St Louis Finance News: More Jobs Lost Since Recovery | Home Mortgage and Commercial Loans | Principal Reductions | 877-334-0210 or 314-334-0210 | Floyd Tapia While we desperately look for any light at the end of the tunnel for this dismal economy, the grim fact still stares us in the face… that being unemployment. The United States economy has lost more jobs than it has added since the so-called recovery began...

St Louis Mortgage: Home Sales Still Down

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-mortga... St Louis Finance News: Home Sales Are Leveling Off | Home Mortgage and Commercial Loans | Principal Reductions | 877-334-0210 or 314-334-0210 | Floyd Tapia | St Louis Refinancing Group August home sales for 2010 dropped 0.5 percent after plummeting in July, according to real estate franchise RE/MAX. Home sales are still down 17.9 percent from August of last year. While some real estate agents reported increased showings, few have translated into closed transactions...

St Louis Finance: Rare Double Dip Recession May Be Coming

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-financ... St Louis Finance News: Is Double Dip Recession a Reality? | Home Mortgage and Commercial Loans | Principal Reductions | 877-334-0210 or 314-334-0210 | Floyd Tapia There has been the widely circulated point of view that the risk of the United States economy falling into a double-dip recession is rising and may be real. Of course, the chances of this happening is only about a one-in-four chance according to...

St Louis Home Loan: New Bill May Help Short Sales

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-l... St Louis Mortgage and Real Estate News – St Louis Finance News: NAR Hails Bill To Help Short Sales | Home Mortgage and Commercial Loans: 314-334-0210 There are several ideas on Capitol Hill that are in the works that would help homeowners who are underwater with their mortgage find that relief may be on the way from a bill strongly supported by the National Association of Realtors (NAR). The NAR’s main idea suggests a bill that would impose a deadline on lenders to respond to...

St Louis Lending: Auto Sales The Lowest In 28 Years

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Finance News: Auto Sales Fall To The Lowest In 28 Years Home Mortgage and Commercial Loans: 314-334-0210 | Floyd Tapia Reports over the summer from the U.S. auto industry portrayed car sales in August the bleakest in decades. They suggest that auto sales were probably the slowest for the month in 28 years as...