Archive

Archive for August, 2010

Plunging home sales could sink recovery

August 24th, 2010 No comments
With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery.

The latest real estate rip-off?

August 23rd, 2010 No comments
Would you be willing to pay the original builder a fee when you resell your home? That's an obligation some developers are trying to slap on homeowners in their communities.

Foreclosure program losing its punch

August 20th, 2010 No comments
The president's signature foreclosure rescue plan is losing its punch, according to a federal report released Friday.

Refinancing applications at 15-month high

August 20th, 2010 No comments
Applications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday.

5 most affordable cities to buy a house

August 19th, 2010 No comments
These are the five most affordable major metro areas in the nation for homebuyers and five markets where home prices are least affordable.

New home construction rises, but outlook weakens

August 17th, 2010 No comments
New home construction ticked higher in July, but indications of future building were weak, the government said Tuesday.

New York’s No. 1 in home closing costs

August 16th, 2010 No comments
If you're getting a mortgage in New York, bring a fat checkbook to the closing table: Closing costs there are the highest in the nation, according to a survey by mortgage website Bankrate.com.

Fed to protect consumers from abusive mortgages

August 16th, 2010 No comments
The Federal Reserve Board issued new rules Monday to protect consumers from abusive mortgage lending practices.

The wasted 4.44% mortgage rate

August 16th, 2010 No comments
It appears even the bright spots of this tired economy are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are still unable to take advantage of them.

30-year mortgage rate lowest since 1971

August 12th, 2010 No comments
Mortgage rates continued to decline this week, plunging to the lowest level in decades, according to surveys from Freddie Mac and Bankrate.