House prices fell 0.6 percent in August, this more than reversed July’s rise and surprised economists who expected them to stay flat.

Nationwides chief economist, Martin Gahbauer suggests that; “the three months rate of change fell from 1.2% in July to 0% in August, suggesting that house prices have essentially stagnated over the summer.

The average house on today’s housing market in the UK fell by £2,817 over the month of August to approximately £165,914, making this month 0.4 % lower than August 2010.

Economist uncertainty, a lack of home loans and expectations that prices will fall further have combined to create a sluggish market.

The average number of sales per survey over the last three months fell by 1.4% a 26 month low.

Mortgages are the key to the property market. The vas

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After two days of significant improvements, took a measured step back on Friday.  Best-Execution rates rose about an eighth of a point.  The trend continued today, although in slightly less dramatic fashion. 

It was merely a slightly negative day for rates.  There wasn’t much to drive trade on the secondary market and traders are likely waiting to see how this week’s Treasury auctions pan out (Treasuries are related to MBS, but MBS or “mortgage backed securities” are the true drivers of changes in mortgage rates) as well as the upcoming kick-off of the  

(temporary caveat that we’ll probably repeat a few more times): Please keep in mind that lenders simply cannot move mortgage rates lower at the same pace as a rapid rally in Benchmark Treasuries.  Although you might hear talking heads on TV or read articles saying that mortgage rates are tied to Treasuries, THEY ARE NOT, and you’ll be perennially frustrated if you expect them to be.  We explained that in greater detail earlier in the month:

Today’s Rates:  

• BESTEXECUTION 30YR FIXED –  rates edged up to straddle 3.875% and 4.0% today, with a higher than normal degree of variation around there. 

• FHA/VA - still at 3.75%  

• 15 YEAR FIXED -  deals…  Some will still be best priced at 3.25%, but 3.375% is back in the market today

• 5 YEAR ARMS –  remain near 3.125%, but with variations from lender to lender.

GUIDANCE:  Going back and reviewing the recent RateWatch posts, it seems like it would be hard to be much more in favor of locking.  So we’ll assume you’ve heard that if you’ve been following and know how to go back and check what’s been said previously if you so desire.  Bottom line, rates are still historically low.  Locking is still the default guidance and preference.  That said, if you’re in a situation where your quoted rate just moved up an eighth (from 3.875% to 4.0% for instance), talk to your mortgage pro to see how much worse markets would need to get before you’d be moving up again (to 4.125% for instance).  Chances are, you’re closer to falling back down to the lower rate if you just got nudged higher today.  If you can afford to take such risks, and are perfectly fine with paying extra closing costs should the market move against you, you might wait to see if you can get back down to where you were on Friday.  Just a thought, and not one I particularly endorse, but there are only so many ways to say “you should lock,” before it’s time to say something else.

View: Current Mortgage Rates   MBS Prices    Important Mortgage Rate Disclaimer

Freddie Mac reported $27 million in expenses for maintaining and reselling REOs in the second quarter, as opposed to the $257 million reported for the previous period.

According to HousingWire.com, REO expenses include maintaining a foreclosed property as it sits vacant and adjustments in the valuation of the property. Freddie Mac was able to make a 90 percent reduction from the first quarter because the value of the REOs reportedly increased.

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Rising rents have forced more than 100,000 more renters into the flatshare market over the past year, according to the latest research from flatsharing website Easyroommate.co.uk.

The cost of flatsharing is considerably cheaper than renting alone, according to Easyroommate’s analysis of more than 60,000 room rentals around the country. On average, a property rents for £705 while a room is only £365. Lack of options for first-time buyers is key.

“The woeful level of lending to first-time buyers has been driving thousands of frustrated first-timers into rented accommodation,” said Jonathan Moore, director at Easyroommate.co.uk. “

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You may be busy with other arrangements to move to a new place. There are many things that you have to prepare for a home shifting. Packing your home articles and moving it to the new home is only a part of it but not the least. Without making any damage, shifting each and every thing from the old house to the new one will be a Herculean task for you. But there are some professional movers now who are the real experts in this field to help you. In Dallas city you won’t be having any difficulty to hire a moving company.

There are some advantages in hiring a home moving company. It will ease your task of home shifting along with guiding you in the new city. I Get full post…