I’m a chart junkie. Charts are just cool because (done right) they can provide an instant snapshot of a whole bunch of data. I’ve also loved maps ever since I can remember. As a kid, I used to spend hours pouring over the atlas (I know, what a geek. But that was before there were geeks. Heck, I’m old enough to remember when encyclopedias were bound books. And yes, I read them too…).
The Arizona Mortgage Guru, has a great post analyzing the historical correlation (or not!) of the federal funds rate and mortgage interest rates. It’s an excellent explanation, in terms even I can understand, of two “rates” you often hear discussed in the mainstream media. I shamelessly borrow his cool trend chart. Don’t stop with gazing at the pretty chart — make tracks post-haste for Shailesh’s super coverage.
Pink = Federal Funds Rate, Blue = 30 Yr Mortgage Rate
The Wall Street Journal Online posted some trend charts and a wicked cool interactive map of recent (since 2005) mortgage delinquencies and median home prices. There is a *boatload* of data contained in this map.
Broader Market Trends:
Screen Shot of Interactive Map (click map to open window for use):
Hat tip to Real Estate Zealot for the WSJOL Map.
[tags]Real estate trends, mortgage rates, federal funds rate, mortgage delinquencies[/tags]
I'm Jay Thompson, and I have a little blogging problem... Welcome to The Phoenix Real Estate Guy, or "TPREG" as I fondly refer to it.
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