housing market

Cost of 30-Year Fixed Mortgage Edges Higher, But Still Below 5%

While the average rate remained below 5%, it is well off its low of 4.17% in November. Low rates have been a saving grace for the battered housing market, but strict underwriting standards for mortgages have throttled many prospec

The cost of a 15-year fixed mortgage rose to 4.09% from 4.04%, after touching 3.57% in November.

analysis, business, economy, financial, freddie mac, housing market, market, mortgage, news, stock, trading

The cost of a 30-year fixed-rate mortgage edged up to an average 4.86% from 4.81% the week before, according to Freddie Mac, which tracks rates.

By FNNO Staff
fnnonline@gmail.com

Lennar Reports Strong Q1, Beats Estimates (LEN)

Stuart Miller, President and Chief Executive Officer of Lennar Corporation, said, "We are pleased to report EPS of $0.14 for our first fiscal quarter of 2011, making this our fourth consecutive quarter of profitability. We were ab

analyst, building, business, ceo, community, consensus, construction, cost, earnings, eps, fiscal, homebuilding, housing market, len, lennar corp, loss, nyse, profitability, quarter, residential, revenue, share, stuart miller, wall street

Lennar Corporation (NYSE:LEN) reported Q1 EPS of $0.14, vs. the consensus estimate for a $0.05 per share loss. Revenue for the quarter was down 2.3% year-over-year to $558 million, beating the consensus estimate for $508 million.

By FNNO Staff
fnnonline@gmail.com

The National Association of Realtors Said Sales Of Existing Homes Rose 12.3% in December

Published on Thu, 01/20/2011 - 11:19
By Stephanie Shyu in General Interest, buying, economy, finance, foreclosures, housing market, national association of realto, news, realty, report, selling

Existing-home sales rose from November's upwardly revised 4.7 million rate to a seasonally-adjusted annualized rate of 5.28 million, ahead of economists' expectations of 4.88 million.

The median price of existing homes in December fell 1% to $168,800, the lowest since February, and November prices were marginally revised lower to $170,200.

economy, finance, foreclosures, housing market, national association of realto, news, realty, report, buying, selling

The National Association of Realtors reported that sales of existing homes rose 12.3% in December, which was a positive end to 2010 following a collapse in house prices and a wave of foreclosures that depressed activity during the

By Stephanie Shyu
sshyu@fnno.com

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