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| Trends in buying and selling real estate |
The Real Estate Journal
Condo-Hotel Buyers See Investments Sour
Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.
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Five Questions to Ask Before Remodeling
Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.
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Mortgage Relief Programs Aren't Helping Much
Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.
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Selling History By the Square Foot
In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.
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FHA Loans Grow Costly As Banks Add Fees
Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.
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States Move Fast On Mortgage Aid
Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.
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Fine Tuning the Picture On the Foreclosure Mess
It's not always easy to get an accurate sense of how many foreclosures there actually are and which U.S. locales are the hardest hit. June Fletcher explains why.
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| Real Estate and Mortgage News |
RealNews
Housing starts drop, builder confidence stable
Builder confidence was stable in August after new housing starts fell substantially in July. The National Association of Homebuilder’s Housing Market Index stabilized at a reading of 16, a multi-year low, with sales expectations improving. The Commerce Department reported an 11% drop in housing starts in July (following the large June increase); again [...]
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Freddie Mac reports rates little changed
Freddie Mac reported average interest rates on its conforming loans little changed in the latest Primary Market Mortgage Survey. The 1-Year conforming Adjustable Rate Mortgage (ARM) is still almost 2% below the rate reported yesterday for the Mortgage Banker’s Associations average ARM.
News was mixed for the housing market as well. Pending existing [...]
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Purchase mortgage applications hold steady
New applications for home purchase mortgages were unchanged last week according to the Weekly Mortgage Applications Survey from the Mortgage Bankers Association. Refinance applications dropped 4.2% as Fixed Rate Mortgage (FRM) rates rose and Adjustable Rate Mortgage (ARM) rates were essentially unchanged (a 0.01% drop in average rates with a 0.02% increase in average [...]
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Stimulus payments may have helped housing market
The National Association of Realtors reported this week that Pending Home Sales rose more than 5% from May to June, though the May figure was revised downward. Financial talking heads had largely dismissed the economic stimulus payments sent out by the federal government in May and June as too small to make much difference [...]
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Lower gas prices helping housing market?
Mortgage applications for purchases increased 1.8% last week as the 30-year Fixed Rate Mortgage (FRM) rate dropped five-hundredths of a percent and the 1-year Adjustable Rate Mortgage (ARM) rate fell eight-hundredths. The 15-year FRM rate rose slightly but with a large drop in up front points*. Refinance applications rose 4.4%. The interest [...]
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Freddie Mac reports all rates down
Freddie Mac reported all mortgage rates fell in its latest survey. Both Fixed Rate Mortgage (FRM) and Adjustable Rate Mortgage (ARM) rates fell. While the Mortgage Bankers Associations reported ARM rates at over 7% and increasing, Freddie Mac reported its 1-year Treasury-indexed conforming ARMs dropping to 5.27 percent this week with an average [...]
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Mortgage applications drop, housing bailout passes
Last week new applications for mortgages dropped substantially after the prior week’s jump in rates, 7.8% for purchases and 22.9% for the more interest rate sensitive refinances. The mortgage market responded with a roughly 1/8% drop in Fixed Rate Mortgage (FRM) rates, putting the 15-year rate back below 6%. The Adjustable Rate Mortgage [...]
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| News for Homebuyers and Sellers |
Inman News
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