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At Home Quarterly: Housing marketplace stats

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Mortgages

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Looking ahead
ThorupAt its meeting in September, the Federal Reserve’s Open Market Committee decided to purchase mortgage-backed securities at the rate of $40 billion a month. This should put downward pressure on longer-term rates, including those for mortgages. Additionally, notes from this meeting indicate the Federal Reserve’s intention to keep rates low to at least mid-2015.

As of today, with the economy continuing to grow at a slow pace (1.3-percent increase in gross domestic product in the second quarter), mortgage rates are staying near all-time lows. Freddie Mac’s weekly mortgage survey for mid October has the 30-year fixed rate at 3.39 percent and 0.7 percent in points and fees, and the 15-year fixed rate was at 2.7 percent with 0.6 percent in points and fees.

Additionally, as of September, Freddie Mac projected that the 30-year fixed rate will average 3.7 percent in the fourth quarter, with a gradual rise throughout 2013 to 4.1 percent.•

 

Housing Sales

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July 1 - Sept. 30

Housing sales continue to climb in the quarter ended Sept. 30, a trend underway since January. However, activity slowed due to uncertainty over future health care costs and tax-cut extensions, said Jim Litten, president of brokerage F.C. Tucker Co. Momentum will recover after the uncertainty clears, Litten predicted.

Click here for a more detailed table of recent housing sales activity.•

 

Demographics

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Home ownership
Homeownership is higher in suburban counties due to fewer foreclosures, but also because empty-nesters and new college graduates wanting to live in authentic urban neighborhoods often prefer to rent, said Drew Klacik, an analyst at the Indiana University Public Policy Institute.•

 

What you can buy

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Most expensive sale

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Neighborhood profile

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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