Page Three

Alice in Wonderland

March 5 - Alice returns to Wonderland as an adult, where she must overthrow the Red Queen. Starring Johnny Depp.

Brooklyn's Finest

March 5 - Three New York cops (Richard Gere, Ethan Hawke, and Don Cheadle) are assigned to take on some problems at a dangerous housing project, where they face unexpected obstacles.

Green Zone

March 12 - Matt Damon stars as a U.S. Army Officer searching for weapons of mass destruction and strikes out on his own after realizing army intelligence was faulty.

Remember Me

March 12 - Robert Pattinson stars in this romantic drama about the coming together of two lovers who each have tragic pasts but have taken different outlooks and attitudes.

Our Family Wedding

March 12 - A romantic comedy about the few weeks before a young couple's wedding and all the family drama involved.

The Bounty Hunter

March 19 - Gerard Butler is a bounty hunter whose next assignment is tracking down his ex-wife played by Jennifer Anniston. They then get into a whirlwind adventure trying to escape the New Jersey mob.

Repo Men

March 19 - In this world, artificial organs are available for purchase and Jude Law stars as the man who repossesses ones that go unpaid for. However, when he needs a new heart he has to try to avoid repo when he can't pay.

How to Train Your Dragon

March 26 - A 3D animation about a young Viking who learns his people have been wrong about dragons.

Hot Tub Time Machine

March 26 - Four bored middle-aged men return to their glory days with the help of a time traveling hot tub.

Mortgage Rate News & Analysis

Mortgage interest rates changed very little from beginning to end in February, according to mortgage finance giant Freddie Mac.

February 4

The average interest rate on a 30-year fixed rate mortgage (FRM) inched up to 5.01 percent, excluding points, during the first week of the month, up from 4.98 percent the week before. 15-year FRMs moved slightly to 4.40 percent, an increase from 4.39 percent in the last week of January, while one-year adjustable rate mortgages (ARMs) fell to 4.22 percent from 4.29 percent.

"Mortgage rates remained relatively stable for a second week amid news of a strengthening housing market," said Frank Nothaft, Freddie Mac vice president and chief economist. "Pending existing home sales rebounded by one percent in December from a record drop in November... Mortgage applications for home purchases jumped ten percent at the end of January, according to figures from the Mortgage Bankers Association. Even more encouraging news came from the Federal Reserve's Senior Loan Officer Opinion Survey, which reported that banks have generally stopped tightening standards on most types of loans in the fourth quarter of 2009."

February 11

During the second week, rates on 30-year FRMs fell to 4.97 percent, 15-year FRMs moved down to 4.34 percent and one-year ARMs jumped up to 4.33 percent.

February 18

Long-term rates continued to decline in the middle of the month with the 30-year FRM average falling to 4.93 percent, and the 15-year FRM slipping to 4.33 percent. The one-year ARM also fell to 4.23 percent.

"Mortgage rates eased for the second week, while economic data released suggest that the housing market may be in a slow state of recovery," said Nothaft.

February 25

Rates were largely back up to their original February readings by the last week, with 30-year FRMs carrying an average rate of 5.05 percent, 15-year FRMs averaging 4.40 percent, and one-year ARMs sitting low at 4.15 percent.

What's Next for Interest Rates?

Everyone seems to be waiting to see if the Fed will actually finish its purchases of mortgage-backed securities by the end of March as promised. Rates will likely remain very close to five percent this month but could jump significantly next month if the Fed pulls out completely and investors start demanding greater returns on these now riskier products.

articles copyrighted by RealEstate ABC and may not be reprinted or copied.


George Milos
Nord Realty
19501 W. Catawba Ave, Suite 280
Cornelius NC 28031

Equal Housing Opportunity

Mobile: 704-252-3103

Office: 704-765-1990

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