Mortgage Rate Trend Index Don’t expect any change to mortgage rates over the short term, say 54% of the industry experts polled this week by Bankrate.com. Only 8% foresee a decline, however; the remaining 38% predict an increase. WASHINGTON – May 18, 2013 – Average U.S. rates on fixed mortgages rose this week but…Read More »
Archive for May, 2013
Rate on 30-year mortgage rises to 3.51%
Saturday, May 18th, 2013
CoreLogic: 2012 big year for home price increases
Saturday, May 18th, 2013
IRVINE, Calif. – May 17, 2013 – Home prices in the U.S. rose 7.3 percent in 2012 and are projected to rise 3.9 percent annually for the next five years, according to the latest CoreLogic analysis. Florida cities, however, vary from the nation and even each other in 2012 home values, as well as…Read More »
IRVINE, Calif. – May 17, 2013 – Home prices in the U.S. rose 7.3 percent in 2012 and are projected to rise 3.9 percent annually for the next five years, according to the latest CoreLogic analysis. Florida cities, however, vary from the nation and even each other in 2012 home values, as well as…Read More »
Freddie Mac’s streamlined modification debuts early
Wednesday, May 15th, 2013
WASHINGTON – May 15, 2013 – Freddie Mac says it’s making its new Streamlined Modification program immediately available to eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. The program was to begin July 1, 2013, but the government-owned company changed the date to help victims of Hurricane…Read More »
WASHINGTON – May 15, 2013 – Freddie Mac says it’s making its new Streamlined Modification program immediately available to eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. The program was to begin July 1, 2013, but the government-owned company changed the date to help victims of Hurricane…Read More »
Loans on Main St. could be impacted by fed choices
Wednesday, May 15th, 2013
WASHINGTON – May 15, 2013 – While proposed regulatory changes confuse the smartest minds, experts at the National Association of Realtors® (NAR) convention say upcoming decisions could help – or harm – homebuyers. Industry insiders offered their outlook at the “Regulatory Issues Forum – Will Federal Regulators Shape the Future of Mortgage Finance?” session…Read More »
WASHINGTON – May 15, 2013 – While proposed regulatory changes confuse the smartest minds, experts at the National Association of Realtors® (NAR) convention say upcoming decisions could help – or harm – homebuyers. Industry insiders offered their outlook at the “Regulatory Issues Forum – Will Federal Regulators Shape the Future of Mortgage Finance?” session…Read More »
Because No One Plans to Be Homeless
Tuesday, May 14th, 2013
Hi, Book Scan readers. I spent the first part of last week hanging out with community planners at the American Planning Association’s national conference. Though I haven’t read the book described below, I thought the author (who gave the closing keynote at the conference) had some beautiful thoughts on home ownership that real estate…Read More »
Hi, Book Scan readers. I spent the first part of last week hanging out with community planners at the American Planning Association’s national conference. Though I haven’t read the book described below, I thought the author (who gave the closing keynote at the conference) had some beautiful thoughts on home ownership that real estate…Read More »
IRA money can be used to fund an investment home
Monday, May 13th, 2013
ORLANDO, Fla. – May 13, 2013 – It’s possible to use tax-sheltered money in an individual retirement account (IRA) to buy an investment home now with an eye toward retiring to it later. However, the rules aren’t easy to comprehend. Donna Ryan, Florida Realtors manager of member legal communications, says advice can be conflicting on…Read More »
ORLANDO, Fla. – May 13, 2013 – It’s possible to use tax-sheltered money in an individual retirement account (IRA) to buy an investment home now with an eye toward retiring to it later. However, the rules aren’t easy to comprehend. Donna Ryan, Florida Realtors manager of member legal communications, says advice can be conflicting on…Read More »
Florida. court OKs using non-judges on foreclosures
Friday, May 10th, 2013
TALLAHASSEE, Fla. (AP) – May 10, 2013 – With tens of thousands of foreclosure cases clogged in the state’s courts, the Florida Supreme Court is signing off on a plan to use lawyers – and not judges – to handle them. The court on Thursday issued an order that will allow chief judges across…Read More »
TALLAHASSEE, Fla. (AP) – May 10, 2013 – With tens of thousands of foreclosure cases clogged in the state’s courts, the Florida Supreme Court is signing off on a plan to use lawyers – and not judges – to handle them. The court on Thursday issued an order that will allow chief judges across…Read More »
Average on 30-year mortgage rises to 3.42%
Friday, May 10th, 2013
Mortgage Rate Trend Index Expect no change over the short term, say 54% of the mortgage industry experts polled this week by Bankrate.com. The rest break evenly: 23% foresee an increase while 23% predict a decline. WASHINGTON (AP) – May 10, 2013 – Average U.S. mortgage rates rose this week but remained near historic lows….Read More »
Mortgage Rate Trend Index Expect no change over the short term, say 54% of the mortgage industry experts polled this week by Bankrate.com. The rest break evenly: 23% foresee an increase while 23% predict a decline. WASHINGTON (AP) – May 10, 2013 – Average U.S. mortgage rates rose this week but remained near historic lows….Read More »
Home prices near new highs in some markets
Monday, May 6th, 2013
Home prices near new highs in some markets NEW YORK – May 6, 2013 – Home prices in 10 percent of the nation’s top 200 housing markets have recently hit new peaks or are only a hair away, new data show. Another 24 of the top markets are within 5 percent of their peaks, according…Read More »
Home prices near new highs in some markets NEW YORK – May 6, 2013 – Home prices in 10 percent of the nation’s top 200 housing markets have recently hit new peaks or are only a hair away, new data show. Another 24 of the top markets are within 5 percent of their peaks, according…Read More »
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