Mortgage Rates Edge Up

January 30, 2012

Mortgage rates rise 0.7 points Last week, mortgage rates rose an average 0.7 points, according to Freddie Mac. Realtor Magazine reports a “series of recent positive reports showing the housing market on the mend” may have affected mortgage rates, halting the downward trend. Increase in home sales highest in over a year and a half [...]

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Do Some Houses Sell Faster Than Others?

January 23, 2012

An interesting infographic says “yes” The site One Block Off the Grid (1bog.org), a free group discount site focused on solar energy solutions for home owners, recently published the following infographic showing some statistics about why some houses sell faster than others. Post Footer automatically generated by Add Post Footer Plugin for wordpress.

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Good News for Unemployed Homeowners

January 16, 2012

Freddie Mac and Fannie Mae announce mortgage forbearance extension In another move geared to moving the housing market recovery along, the two major mortgage players, Freddie Mac and Fannie Mae, last week announced expanded relief programs for homeowners struggling with their loans due to joblessness. The thought that relieving some of the stress from the [...]

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News Flash: Housing is Important to Economic Recovery

January 9, 2012

Federal Reserve speaks up on the housing market Consumer Confidence + Tight Credit + Too Much Empty Property = Slow Recovery Last week the Fed sent a housing “white paper” to Congress discussing the importance of housing to the economic recovery. On Friday, Federal Reserve Governer Elizabeth Duke observed that “housing demand and homebuilding continue [...]

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Housing Market: What’s Behind and What’s Ahead

December 26, 2011

  The housing market in 2011 was a year that saw changing trends and breaking records. Mortgage Rates 15- and 30-year fixed mortgages hit record lows during 2011. via money.CNN.com Freddie Mac’s Primary Mortgage Market Survey showed the interest rate for a 30-year fixed-rate loan averaging 3.91% last week, the lowest in the 40 years [...]

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Are Home Values Finally Stabilizing?

December 19, 2011

Zillow Real Estate’s latest market report says maybe On a year-over-year basis, the Zillow® Home Value index declined 5.1 percent. Zillow reports that “the rate of monthly depreciation has stabilized around -0.2 to -0.3 percent over the last few months.” Of the 156 metropolitan statistical areas covered by Zillow, while 95 showed monthly depreciation in [...]

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The Housing Market One or Two?

December 12, 2011

Analysts disagree over definition and future of the market Last week, while some real estate analysts offered a somewhat rosy outlook regarding “stabilizing home prices for non-distressed property,” several industry experts from news sources argued that you cannot simply split the market in two pieces — distressed and non-distressed to paint the picture you want. So [...]

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More and More Experts Say Principal Reduction Is the Answer

December 5, 2011

Why does the head of Fannie Mae and Freddie Mac refuse to consider it? Last week, a group of Democrats from the House sent a letter to Edward DeMarco (who currently heads up the agency (FHFA) that oversees Fannie Mae and Freddie Mac) asking for a better answer as to why he refuses to implement [...]

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Holiday Mortgage News. More of the Same

November 28, 2011

Rates continue to hover near historic lows The short holiday week saw little change in mortgage rates. According to Mortgage News Daily, the Best-Execution Rates for Friday, November 25th ranged from 3.875% (“very few”) to 4.125% (“some”), with most seen at 4.0%. Realty Times reported the results of Freddie Mac’s Primary Mortgage Market Survey for [...]

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Time to Be Thankful For Housing Market News?

November 21, 2011

Recent forecasts predict better times ahead in 2012 Although small, a slight uptick in the housing market next year is predicted. A survey by MacroMarkets of more than 100 economists and industry experts shows they expect home values to go up — just a little. About .25 percent in 2012 and a total of 1.1 [...]

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