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Oct 26,2007
Five Steps to Get You Back on Track
The housing market is in shambles and every day the bleak news seems to get worse. With foreclosures at a record high, economists predict the pace won’t slow down for at least another 6 months. Behind these grim statistics are families who are struggling and desperate, trying to figure out how to hang on to their homes and ease their money woes. If you’re one of those ... [full story] 796 times read - No comment posted
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Oct 26,2007
Mortgage Availability Improving But Hampered September Existing-Home Sales
Temporary problems in the mortgage market are easing and are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors. Even so, prices rose in the Northeast and Midwest.
Total existing-home sales -- including single-family, townhomes, condominiums and co-ops -- fell 8.0 percent to a seasonally adjusted annual rate(1) of 5.04 million ... [full story] 1254 times read - No comment posted
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Oct 26,2007
Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points.
The average 15-year fixed rate mortgage, popular for refinancing, plunged from 6.17 percent to 6.00 percent. The average jumbo 30-year fixed rate retreated to 7.04 percent. Adjustable mortgage rates declined as well, with the average ... [full story] 1003 times read - No comment posted
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Five Steps to Get You Back on Track
The housing market is in shambles and every day the bleak news seems to get worse. With foreclosures at a record high, economists predict the pace won’t slow down for at least another 6 months. Behind these grim statistics are families who are struggling and desperate, trying to figure out how to hang on to their homes and ease their money woes. If you’re one of those ...
Mortgage Availability Improving But Hampered September Existing-Home Sales
Temporary problems in the mortgage market are easing and are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors. Even so, prices rose in the Northeast and Midwest.
Total existing-home sales -- including single-family, townhomes, condominiums and co-ops -- fell 8.0 percent to a seasonally adjusted annual rate(1) of 5.04 million ...
Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points.
The average 15-year fixed rate mortgage, popular for refinancing, plunged from 6.17 percent to 6.00 percent. The average jumbo 30-year fixed rate retreated to 7.04 percent. Adjustable mortgage rates declined as well, with the average ...



