Newly listed properties and properties back on the market….. 1,977*
Expired listings, price adjustments, and removed listings…..2,668*
Closed sales, under contract firm and contingent…..2,024*
 
*Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.

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The average interest rate for a 30 year fixed rate mortgage fell to 6.48 percent as the 15 year rate creeps closer to 6% at 6.19.
The popular 5/1 adjustable is at 6.24%, and the one year ARM is at 6%.

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Newly listed properties and properties back on the market……. 1,951*
Expired listings, price adjustments, and removed listings…..2,837*
Closed sales, under contract firm and contingent…..2,225*

*Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.

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“The economy is growing slowly, but Wyss says, for most people a slower growth rate is a good thing. It should encourage the Federal Reserve to stop raising interest rates. Once the Fed stops boosting rates, it typically waits for about seven months and then starts cutting rates.”
“But the fact is, the index is still […]

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While St. Louis didn’t see the huge value gains compared to markets in Florida, California, and Arizona we aren’t seeing the losses either.  Appreciation is still alive, interest rates have dipped to under 6.5% and if national statistics hold true then about 7 fewer families of 100 will move in 2006 than in 2005.  That’s […]

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