The housing market will not crash unless the job market weakens significantly, though home prices are expected to stagnate for at least five years during this down cycle, according to the latest Anderson Forecast.
Produced by a University of California, Los Angeles, center, the forecast calls for the market prices of homes to hold steady over [...]

Long-term mortgage interest rates were down again Thursday, and the benchmark 10-year Treasury bond yield fell to 4.64 percent.
The 30-year fixed-rate average sank to 5.86 percent, and the 15-year fixed-rate declined to 5.57 percent. The 1-year adjustable was down at 5.33 percent.
The 30-year Treasury bond yield dropped to 4.77 percent.

Slower Housing Market Helps To Keep Mortgage Rates Lower
By Realty Times Staff
September 22, 2006
The 30-year fixed-rate mortgage (FRM) averaged 6.40 percent with an average 0.5 point for the week ending September 21, 2006, down from last week when it averaged 6.43 percent. Last year at this time, the 30-year FRM averaged 5.80 percent.
The 15-year [...]

Professional Advice Key During Housing Market Shift
By Broderick Perkins
September 22, 2006
The housing market is a cornerstone of the nation’s economy and when it begins to crumble it only makes sense to shore it up with some fresh plaster.
When the Federal Open Market Committee decided this week not to raise the federal funds rate it [...]

The median home price for sellers who use an agent is 16.0 percent higher than a home sold directly by an owner; $230,000 vs. $198,200; there were no significant differences between the types of homes sold. “While many unrepresented sellers are motivated to save on paying a commission, we think the price difference speaks for [...]