By Jeanne Roberts Finding a dependable general contractor may take a lot of work. Perhaps up to a dozen phone calls, Internet searches or actual trips to city hall, but it is vital for home improvement projects plus your peace of mind will be assured. Not only is your home likely your largest and most… Continue reading Dependable General Contractor
Category: Mortgage
Outlawing the New Wall Street Real Estate Financial Tool
Even before the greatest financial reform legislation is passed by Congress since the Great Depression, Wall Street bankers and creative companies are popping up to finagle another way to rake in billions of dollars in profits from real estate. Risky Wall Street practices have gained the attention of politicians at the state level, who are… Continue reading Outlawing the New Wall Street Real Estate Financial Tool
Financial Reform Act Includes Mortgage Relief to Aid Millions
By Kevin Chiu Mortgage relief for unemployed homeowners at risk of foreclosure is included in the sweeping financial reform act expected to be signed by President Barack Obama. The aid is aimed at helping millions of homeowners who have been thrown out of work by the troubled economy. Members of Congress agreed to spend $1-billion… Continue reading Financial Reform Act Includes Mortgage Relief to Aid Millions
Mortgage Rates Hit All-Time Low
Mortgage rates to purchase or refinance a home hit their lowest level of all-time this last week just as home sales showed signs of slowing as a result of the federal home buyers tax credit expiring. The rate for a 30 year conventional mortgage slipped to 4.69%, the lowest rate on record. Interest rates are… Continue reading Mortgage Rates Hit All-Time Low
Home Sales Fall Amid Growing Fears
By Kevin Chiu Existing home sales fell a slight 2.2% in May, but sales remain at a higher level than a year ago alleviating some fears about the housing market, according to the National Association of Realtors. The monthly report also showed a fall in the number of homes listed for sale, signaling an improving… Continue reading Home Sales Fall Amid Growing Fears
Hard Sell in Obama Housing Scorecard Debut
The White House is coming out with a hard sell to put its best face on the housing market in efforts to improve market conditions and win back voters, introducing a monthly scoreboard on the nation’s housing market. From the start, the program seems to be more like it’s out of the Roosevelt Great Depression… Continue reading Hard Sell in Obama Housing Scorecard Debut
Opinion Poll: Drop Mortgage Rates to Aid Housing Markets
Opinion Poll: Drop Mortgage Rates to Aid Housing Markets Slightly more than 3 out of 4 surveyed say lower mortgage interest rates would help the battered housing market, according to the latest Housing Predictor opinion poll. The online survey found the huge majority of those polled feel even lower interest rates would aid in the… Continue reading Opinion Poll: Drop Mortgage Rates to Aid Housing Markets
Housing Recovery Likely as Home Sales Rise
Applications to purchase home mortgages increased for the week marking the first rise in home sales since the federal government’s tax credit expired, indicating that a housing recovery is possible nationally as sales improve, according to the Mortgage Bankers Association. Refinancing also shot up. The Market Composite Index, a measure of mortgage loan application volume,… Continue reading Housing Recovery Likely as Home Sales Rise
Buying a Home after Foreclosure
By Lindsey Hadwin Of the millions of Americans who have lost their homes in the foreclosure crisis, many dream of buying a home again. As a result of more than 19.2-million vacant homes nationally, securing a mortgage in the future is possible in less time than ever before. Re-establishing creditworthiness can provide a key to… Continue reading Buying a Home after Foreclosure
Mortgage Rates and Home Buyers Decline
By Cheryl Reams Mortgage rates declined seven-one-hundredths of one percent this week to hover near the record low at an average of 4.72% on a 30 year fixed rate mortgage, while the number of home buyers applying for mortgages also dropped. It is unlikely rates will get lower any time soon. The number of homeowners… Continue reading Mortgage Rates and Home Buyers Decline