The rates for one-year ARMs fell today to 2.78% this week, which sets a new record all-time low for the series going back to 1986.  To purchase the median priced existing home at $162,500 in October with a 20% down payment … read more >

Washington, D.C.’s unemployment rate has been rising over the last year, and at 11.1% in September was more than two percent above the 9% jobless rate for the country (which has been falling, see chart above).  Further, more people in … read more >