home ownership

Mortgage Rates Plummet on New Round of Mortgage Bond Purchases from Fed

March 18, 2009

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent. This doesn’t mean the Fed stood pat, however.

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Simple Real Estate Definitions : FICO

March 11, 2009

The basis of most mortgage lending is credit scoring. In general, the higher a person’s credit score, the lower his offered mortgage interest rate

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Can You Guess What Percentage Of Mortgages Are Still Paid On-Time?

March 3, 2009

Mortgage delinquencies are on the rise nationwide, but the news may not be as bad as it appears at first glance. Using anonymous data from its national credit database, TransUnion reports that 4.58 percent of American homeowners were at least 60 days past due on mortgage payments last quarter

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How does Consumer Spending Affect Mortgage Rates?

March 2, 2009

Mortgage markets worsened last week, taking interest rates with them. A steady drip of sour economic news plus concerns about the banking system outmuscled Fed Chairman Ben Bernanke’s congressional testimony in which he said the recession would likely end later this year. Overall, mortgage rates have risen in 9 of the last 12 trading days.

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What Are The Country’s Best Affordable Suburbs?

February 27, 2009

Nationwide, home affordability has received a serious boost from the combination of falling home prices and falling mortgage rates. Today, because of the sagging economy, in most parts of the country, the cost of owning a home versus renting one is now very close to its historical average

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The Key Fact Missing From Today’s Existing Home Sales Headlines

February 26, 2009

In reading the headlines this morning, you’d think that last month’s Existing Home Sales figure signaled more trouble ahead for the housing market. Quite the contrary. Beyond the attention-grabbing headlines is the real story; the one that shows — once again — that housing market fundaments are coming back into balance

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The Relative Cost Of Owning Versus Renting Is Back At Historical Norms

February 25, 2009

One popular housing theory is that — before a bona fide housing recovery can begin — the cost of owning a home versus renting one must return to historical levels. If that belief is a truth, a national return to rising home prices may be in store for 2009

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Fannie Mae Removes Its 4-Financed Property Limit

February 10, 2009

Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.

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Signs of rebirth in the Economy not Translating to Mortgage Rates

February 9, 2009

Despite a weakening employment outlook for Americans, the economy flashed signs of a rebirth last week. It wasn’t enough to reverse the recent mortgage rate trend, however

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10 Cities For Job Growth In 2009

February 6, 2009

Employment figures released this morning show that the economy has now shed 3.6 million jobs since December 2007, included close to half that in the last 3 months alone. The Unemployment Rate is now 7.6%.

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Would You Believe That Home Buyers Are Out In Full Force?

February 5, 2009

A real estate trade group reported Tuesday that Pending Home Sales ticked higher in December 2008. A “pending home sale” is a home under contract to sell, but not yet closed

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Did We Miss the Chance for 4.5% Mortgage Rates?

February 2, 2009

Consumer confidence reached an all-time low and 100,000 Americans were issued layoff notices last week, each playing a role in the mortgage market’s relative worsening. For the third consecutive week, mortgage rates rose and average loan fees increased, too. Amid all of the negative economic news, however, there were two bright spots worth identifying and discussing.

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