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Bank Owns Entire Town
This town in New Jersey has a foreclosure rate that’s three times the national average. Tweet This Post
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Time: Real Estate May Be the Buying Opportunity of the Decade
No one can predict what the economy will bring in the next six months, but could real estate be the wisest long-term investment over the next 20 years? Despite the recent housing crisis, Time Magazine...
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Federal Foreclosure Prevention Efforts Face Huge Obstacles
National foreclosure rates are down as of lately, but not because of successful foreclosure prevention efforts. Since being subjected to scrutiny and new regulations, banks have been scrambling to...
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Mortgage Applications Fell by 5.1% Last Week on Refinancing
Mortgage applications declined for the fourth week in a row on refinancing, even as borrowing costs dipped. The Mortgage Bankers Association’s index fell 5.1 percent in the week ended July 8. The...
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ARMs Still Appealing?
Despite the housing crisis, some home buyers are still opting for risky adjustable-rate mortgage loans over their sensible fixed-rate counterparts. According to Inside Mortgage Finance, the market...
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New York the Most Expensive State for Mortgage Closing Costs
According to Bankrate Inc., New York tops the nation in mortgage closing costs. Bloomberg reported: Origination and title costs on a $200,000 mortgage in New York average $6,183, compared with $5,623...
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BankRate.com Poll: 90% of Americans Love Their Homes
Here’s a bit of uplifting news amidst the subprime mortgage crisis. Tweet This Post
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Mortgage Rates Rise
For the first time in three weeks, the long-term 30-year mortgage rate ticked higher for the week ending February 23. The average rate on a 30-year fixed-rate mortgage rose from 3.87% last week, to to...
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Average 30-year loan rate rises to 3.51%
Mortgage rates rose this week according to a recent survey from Freddie Mac. The survey reported that lenders were offering 30-year fixed-rate loans at an average of 3.51%, an increase from 3.35% just...
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