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Daily Update: Mortgage Rates Push Slightly Further Into All-Time Lows

Average Mortgage Rates
  TODAY YESTERDAY CHANGE
30 Yr FRM 3.80 3.81 -0.01%
15 Yr FRM 3.08 3.09 -0.01%
FHA 30 Year 3.73 3.74 -0.01%
Jumbo 30 Year 4.10 4.11 -0.01%
5/1 Yr ARM 3.00 3.01 -0.01%

» View Current Mortgage Rates


» Compare Mortgage Rates
Updated: 5/18/12 2:40 PM
May 18, 2012 2:41PM

Mortgage Rates Lower Still, But Progress Is Slow

Mortgage Rates improved marginally from yesterday's new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. When yields in the broader bond markets move lower, MBS (the "mortgage-backed securities" that most directly influence lenders' rates) tend to move lower in yield as well, allowing lenders to off lower costs, lower rates, or a combination of the two. With the recent move lower...

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Daily Update: Mortgage Rates Officially Hit New All-Time Lows!

Average Mortgage Rates
  TODAY YESTERDAY CHANGE
30 Yr FRM 3.81 3.84 -0.03%
15 Yr FRM 3.09 3.12 -0.03%
FHA 30 Year 3.74 3.75 -0.01%
Jumbo 30 Year 4.11 4.12 -0.01%
5/1 Yr ARM 3.01 3.02 -0.01%

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Updated: 5/17/12 3:18 PM
May 17, 2012 3:21PM

Mortgage Rates Officially Hit New All-Time Lows!

Mortgage Rates hit new all-time lows today. In most cases, lenders' offerings are just slightly better across the board than they were in late January, the last time we officially noted "new all-time lows," though some lenders are not quite back to their previous best levels. A much weaker-than-expected reading on a widely followed report on business conditions in the mid-Atlantic region gave rates markets a bit of an early jolt lower. From there, an absence of additional data gave way to technical...

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With AIA 2012 Inside the Beltway, There's No Dodging the Politics

Author name: 
Paula Melton
Blog Category: 
AIA Convention

The opening keynote at AIA 2012 dishes up a surprisingly politicized main event but transitions smoothly to end on a high note.

Welcome to AIA 2012 in Washington, D.C.
Photo Credit: Paula Melton

A lot of things come to mind when I think about the annual AIA Convention; electoral politics isn't one of them. But today's opening keynote put politics front and center in a variety of ways. And judging by the vibes I felt coming off the standing-room-only crowd, the topic was about as welcome here as it is at Thanksgiving dinner when your crazy uncle (regardless of political persuasion) gets started with his conspiracy theories.

Perhaps the most awkward moment was when Mayor Vincent Gray, after an appropriate and lovely speech about D.C. as "a museum of historical design and a living hub of architectural innovation" couldn't resist the urge to bring up D.C. Statehood—an issue most of the people in the room were unlikely to know or care about (as a former resident of the District, I confess applauding, but I was almost alone).

No designated bike lanes in D.C. last time

Then Earl Blumenauer, Hon. AIA—U.S. Representative from Oregon and member of the Congressional Bicycle Caucus—took the stage to address a topic that's a lot closer to home for architects everywhere: livable cities. Did you know that the last time the AIA Convention was held in D.C., there were no designated bike lanes?

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A Visit to the Bank of America Tower at One Bryant Park

Author name: 
Paula Melton
Blog Category: 
AIA Convention

BuildingGreen goes to town! On our way to D.C. for this year's AIA Convention, we stopped in NYC for a tour of the Bank of America tower that took us from the subterranean depths to the highest heights.

For a number of reasons, the Cook+Fox-designed Bank of America tower at One Bryant Park is an object lesson in how difficult it can be to compare the energy performance of buildings that don't fit neatly into a typical category (is it a data center or a commercial office? a lot of both, and it also has its own power plant).

But for four of us from BuildingGreen, today it was mainly a chance to enjoy the company of the people who care for this building—and to listen to them geek out about cogeneration, ice storage, and the importance of light for the well-being of everyone on staff (not just the people in cubicles). I snapped a few shots while we were there.

We got an incredible view from the 49th floor, where our tour began and ended.
Photo Credit: Paula Melton

During our bright and sunny lunch in a Durst Organization conference room on the 49th floor, there was a bit of chatter about the "inverse relationship between daylight and self-loathing," or something along those lines. Unfortunately, of course, the workers who run the cogen plant don't get natural daylighting in their workspace.

But, says Don Winston, P.E., vice president for technical services at Durst (which co-owns the building, along with Bank of America), these workers are not neglected. When asked about lights in maintenance hallways being on 24/7, he told us that these areas are overlighted on purpose. First, there are safety considerations, but there's also "pride of place." Staff members who don't feel like they've been confined to a dungeon or hidden away in a cave feel valued and take pride in their work.

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Daily Update: Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed

Average Mortgage Rates
  TODAY YESTERDAY CHANGE
30 Yr FRM 3.84 3.85 -0.01%
15 Yr FRM 3.12 3.12 0.00%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.12 4.12 0.00%
5/1 Yr ARM 3.02 3.01 0.01%

» View Current Mortgage Rates


» Compare Mortgage Rates
Updated: 5/16/12 3:18 PM
May 16, 2012 3:21PM

Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed

Mortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates. The forces at work keeping rates low were joined today by "minutes" from the most recent FOMC meeting. All told, several notable lenders are offering their all-time lowest interest rates while others remain close. Markets actually got off to a shaky start as far as rates were concerned. Had it not been for the European headlines and the FOMC Minutes , we...

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Crucial State Incentives for Small Wind Turbines Still Need Work

Author name: 
Martin Solomon
Blog Category: 
GreenSpec Insights

As the small wind turbine market feels the pain of temporary holds on state incentive programs, turbine certification could bring the stability and improve the market’s reputation.

New Jersey placed a rebate incentive program on hold due to catastrophic mechanical failures of multiple small wind turbines.
Photo Credit: World Future Energy Summit

The reputation of the small wind turbine industry has tended to fluctuate as much as the output of some of its turbines. Consumers seeing the benefits of wind as a renewable alternative to fossil fuels have at times been burned by mechanical failures and less-than-expected power production.

And on their way to “saving the planet,” some turbine installations have been implicated in numerous bird and bat deaths. While there are numerous financial incentives to install wind, several state incentives have recently been put on temporary hold. These setbacks are potentially the most troubling, as incentives are generally regarded as key to increasing turbine installations.

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Daily Update: Mortgage Rates Hold Steady At All Time Lows

Average Mortgage Rates
  TODAY YESTERDAY CHANGE
30 Yr FRM 3.85 3.85 0.00%
15 Yr FRM 3.12 3.12 0.00%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.12 4.11 0.01%
5/1 Yr ARM 3.01 3.00 0.01%

» View Current Mortgage Rates


» Compare Mortgage Rates
Updated: 5/15/12 3:56 PM
May 15, 2012 4:53PM

Mortgage Rates Hold Steady At All Time Lows

Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domestic economic data out this morning, r ates continue to be indirectly fueled by political and economic turmoil in the Euro-zone. After failing to form a new government, Greece today announced it would hold new elections. Investors fear that those left in power will lead Greece to back-out of the austerity pledges required by the EU and IMF for recent bailout monies...

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Getting Around Without Fossil Fuels

Author name: 
Alex Wilson
Blog Category: 
Energy Solutions
BikeSharing in Toronto. There are dozens of storage areas like this where members of Toronto's bikesharing organization can check out a bike.
Photo Credit: Alex Wilson

While challenging, it is possible to get away from our dependence on fossil fuels when it comes to our transportation needs

Last week I laid out some arguments on why we should wean ourselves from fossil fuels, and offered some suggestions of how we could go about doing that in our homes—by superinsulating, switching to oil- and gas-free heating, and converting to renewable electricity. Those steps certainly aren’t easy or inexpensive, but there’s a pretty clear path for doing so.

With transportation it’s a lot more challenging, particularly in non-urban areas where we’re more dependent on automobiles. Petroleum is uniquely suited to fueling our cars and trucks. Gasoline and diesel are highly concentrated fuels that allow a little to go a long way. They are liquid at the conditions where we use them without putting them under pressure, so we can pump them into our fuel tanks relatively easily and with (relatively) low risk.

What are the options if we want to get off fossil fuels?

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