Mortgage Rates Continue to Decline
Tuesday, May 17
Mortgage rates were predicted to rise after the months of decline in the last months of 2010. However, rates only briefly rose above the ling expected 5% for the 30-year fixed-rate mortgage during the month of February and since have slowly fallen over a quarter of a percent.According to the most...
Economic Growth No Longer Translates into Job Growth
Tuesday, May 17
The National Bureau of Economic Research has released statistics showing that between the fourth quarter of 2007 and the second quarter of 2010, the United States economy lost almost eight million jobs, even as economic activity declined by only 1.3 percent. Similarly, the last half of 2010 saw s...
Mortgage Market Plan
Wednesday, May 04
In February, the President and his administration unveiled a plan that would, over time, wind down and eliminate both Fannie Mae and Freddie Mac. Although this idea is not entirely new, it stands out in the option outlined by Tim Geithner (Treasury Secretary), which envisions a housing-finance sy...
The Housing Market Continues to Struggle Across the Nation
Wednesday, May 04
Home prices fell again in January, making that the third consecutive month of price declines. This latest data shows that while many aspects of America's economy are improving, the housing market remains weak. According to data released Wednesday, March 22nd by the Federal Housing Finance Agency...
Housing Market Discounts
Friday, April 29
February saw a sharp decline in the sales of previously owned homes, which opens the way for discounts this spring.The median price for homes hit its lowest point in almost a decade at $156,100. This is coupled with a drop in home sales of almost 10%, according to a realtors report.The forecast i...
Home Builders Weathering a Storm
Thursday, April 28
The disappearance of first-time buyers may have resulted in the double-dip currently seen in housing.The market is looking a bit forbidding, as of late. As of this week, data shows that in February new home sales has slumped to a low not seen in almost half a century, while previously owned home ...