September 30 2010 (Shirley Allen) The United States Congress on Thursday voted to extend higher loan limits for government-backed mortgages for another year, a move that should help keep borrowing costs low and support the shaky housing sector. Read more
September 29 2010 (Chris Moore) Nearly one in four homes sold in the United States in the second quarter of this was a foreclosed home. Foreclosed homes accounted for 24 percent of all second-quarter sales, at an average price discount of more than 26 percent compared with homes not in the foreclosure process. Read more...
September 28 2010 (Shirley Allen) If you are a member of the military or a federal employee, as well as they spouses, who served outside the continental United States for at least 90 days during the period of January 1, 2009 through April 30, 2010, then you may still be eligible for the first Time [...]
September 26 2010 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage rate and the 15-year fixed-rate were unchanged; shorter-term rates were mixed. Read more....
September 25 2010 (Chris Moore) JP Morgan Chase has halted foreclosures until a review of its document-filing process is completed, according to the Wall Street Journal. The New York City-based bank said the freeze affects roughly 56,000 home loans in various stages of the foreclosure process in 23 states. Read more...
September 23 2010 (Shirley Allen) For the first time homebuyer, the term “closing costs” can be quite confusing. Learning about the different types of mortgages and trying to figure out the different interest rates can be confusing enough, but you have to pay at the end too? Read more...
September 21 2010 (Chris Moore) There’s nothing new about the fact that there’s a lot of foreclosed homes on the market right now. In fact, an ever increasing number of homes on the market have been foreclosed and that number is expected to continue to rise for quite awhile. Although foreclosed homes often present a [...]
September 19 2010 (Jeff Alan) Mortgage giant Fannie Mae announced that it was creating a program to provide mortgage relief for the families of the members of our Armed Forces. The program will suspend mortgage payments for up to six months in cases where the death or injury of a service member created a financial [...]
September 18 2010 (Chris Moore) Even in these hard times there are still many people contemplating the purchase of a new home. Many economists believe that the worse is behind us and confidence is gaining, if you work for a profitable company with good stability, now would be a great time to consider purchasing a [...]
