US Housing Starts report released
The Housing Start report issued by the Census Bureau and HUD was release today. Housing starts dropped more than economist predicted for December. Although this decline was seen in the US as a whole, the Southern region (which includes Texas) did see an increase of 5.2 percent. This increase might have been attributable to the construction associated with Hurricane's Katrina and Rita.Mortgage rates continued to edge down yesterday as Mortgage-backed securities (MBS) yields dropped to 6.07 percent on the 30-year Fixed and the 30-year Fixed Conforming rate dropped to 6.15 percent. It remains a good week to lock your rates.
posted by Vincent Biondillo @ 9:09 AM
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