Home sales in West inch up – Ogden Standard-Examiner
LOS ANGELES — Home sales inched about 3 percent higher in the Western region of the country last month, as homebuyers set out to take advantage of temporary government tax incentives and lock in still-low mortgage interest rates. The modest annual …
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WASHINGTON – Homebuyers rushed to take advantage of government incentives and record-low mortgage rates in April, giving the housing market its biggest boost in five months. But now that a homebuyer tax credit has expired, any improvement will depend mainly on the lure of historically low mortgage … Go to Source…
Mortgage rates moved higher last week after spending a month within a hair or two of 4.5 percent, according to the latest survey from home loan financing giant Freddie Mac. The 30-year fixed-rate loan stood at an average of 4.6 percent in the closely … Go to Source…
New-home sales are what I am focusing on because they are the ones that are going to drive” gross domestic product, said Cameron Findlay, chief economist at LendingTree.com. “New-home sales are going to require the construction worker to go to the … Go to Source…
The percentage of homeowners who are behind on their mortgage payments inched higher in the first quarter while the number of new foreclosures declined. As of the end of March, 8.32% of homeowners with mortgages had missed at least one payment, up from 8 … Go to Source…
WASHINGTON – Rates for 30-year home loans inched downward this week, the first decline in a month, but remained above last month’s record lows. The average rate on a 30-year fixed mortgage was 5.09 percent this week, down from 5.14 percent a week … Go to Source…
… rates ticked up slightly from the lowest level in decades. The Mortgage Bankers Association says overall applications … rose 6.3 percent to the highest level since May. The numbers are adjusted for seasonal … Go to Source…
Manhattan apartment sales jumped 19 percent in the third quarter from a year earlier, reaching the second-highest level since 2008, as the city’s job market stabilized and mortgage rates fell to record lows. The number of completed sales climbed to 2,661 … Go to Source…
Second mortgage loans are loans that are made in addition to the first mortgage, and it is usually based on the amount of equity that the borrower uses to build into his home. Usually it’s required to fund home renovations. Since the borrower has already been through the process once, the underwriting that is required to get a second mortgage is much simpler than it was the first time around when …
The number of people applying for a mortgage jumped last week. But analysts cautioned that the increase was likely driven by investors, not first-time homebuyers who are needed to help housing markets recover. The Mortgage Bankers Association says its … Go to Source…
With Home Refinancing and Modification applications being turned in at an amazing pace, a common question from homeowners is “What are the Home Mortgage Rate Predictions for 2009?” Now more than ever, homeowners want to know what the housing market will bring in the future, and here is some help. Right now all across the country, home mortgage rates can be obtained around 5%. These are some of the…
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