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US mortgage rates dropped for the third consecutive week. The 30-year rate dropped to 4.83% from 4.91%, the lowest since May, mortgage buyer Freddie Mac said today. The average 15-year rate fell to...
Well, at least that’s what a columnist in Time magazine thinks. (It is in the current paper issue, so it’s not available online yet.) I never really thought about it that way, but he is kinda...
Article | Oct 7, 2009 | Views: 58 | Comments: 0
Tags: housing, real estate
Good news for prospective home buyers: You can find 30-year mortgages for less than 5% again. But those rates may not last. And these days it's almost impossible to lock in a rate while you hunt...
With such a large number of household's facing foreclosure, many families need to seek external help. Fortunately the government has implemented a number of programs to help homeowners already in...
Up to 26% of U.S. homeowners who stop paying their mortgage may be doing so intentionally, not because they can't make the payments but because they don't want to put money into a house that's...
The warning bells sounded pretty loud and clear earlier this month when a top banking regulator compared the potential risks of reverse mortgages with the subprime lending crisis.
Playing into the anxieties of homeowners over plummeting home values, two companies are selling products promising to put a little more control in homeowners’ hands. Their pitch? That homeowners...
Despite median home prices across the nation falling by 14 percent to $169,000, there are emerging signs that the housing market may be stabilizing and reaching a bottom. For new or would-be...
Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
One example provided by the article is Bank of America which...
Unfortunately for millions of Americans the savings from refinancing to a lower rate are out of their grasp because they do not qualify, thanks to the tighter eligibility criteria resulting from...