Home Asking Prices Tick Up, But Rents Climbing Faster

Home Asking Prices Tick Up, But Rents Climbing Faster

For many homeowners it’s old news: home prices are in a deep funk with a bottom still elusive in many cities. But the real estate site Trulia offers some hope as it tracks an uptick in asking prices for March ...
30-Year Fixed Mortgage Stays Below 4% for 2nd Week

30-Year Fixed Mortgage Stays Below 4% for 2nd Week

Average mortgage rates changed little this week, with the 30-year fixed rate ticking down a basis point to 3.98 percent, staying below the key 4 percent level, according to Freddie Mac. Two weeks ago, higher bond ...
Conventional Mortgage Applications 10% Above Year Ago

Conventional Mortgage Applications 10% Above Year Ago

Applications for conventional loans – any mortgage which is not guaranteed or insured by the federal government – are running 10 percent above levels one year ago, according to the Mortgage Bankers Association. However, ...
Mortgage refinancing

HARP 2.0: Banks See Upside to Revamped Refi Program

Lenders and business that can help them find refinancing prospects stand to profit from the Obama Administration’s recently revamped Home Affordable Refinance Program, now dubbed “HARP 2.0.” HARP, like other ...
Investment, Vacation Home Sales Soar to 2005 Levels

Investment, Vacation Home Sales Soar to 2005 Levels

Sales of investment and vacation homes increased significantly in 2011, with the combined market share rising to its highest level since 2005, according to the National Association of Realtors. A survey covering ...
Weaker Data Eases 30-Year Mortgage Back Below 4%

Weaker Data Eases 30-Year Mortgage Back Below 4%

Fixed and adjusted mortgage rates dipped on weaker housing market data this week, with the average 30-year fixed-rate mortgage back below 4.00 percent. The 30-year fixed-rate averaged 3.99 percent, down from 4.08 ...
HARP 2.0: Banks See Upside to Revamped Refi Program

Mortgage Refinance Applications Fall for 6th Straight Week

Higher interest rates and a drop in government-backed loan restructuring fueled the sixth consecutive week of fewer refinancing applications, according to the Mortgage Bankers Association’s survey for last week. The ...
Home Prices Still Slumping in Most Major U.S. Cities

Home Prices Still Dropping in Most Major U.S. Cities

A closely-watched national index for 20 cities in January showed home prices still slumping in most areas, with only Miami, Phoenix and Washington, D.C. seeing increases compared to December 2011. It marked the ...
Pending Home Sales Slip as Uneven Market Persists

Pending Home Sales Slip as Uneven Market Persists

Pending home sales in February fell short of expectations, slipping less than one percent but holding above the year-ago level, according to the National Association of Realtors. The fairly stagnate month-over-month ...
Cheap Distressed Properties Siphon from New Home Sales

Cheap Distressed Properties Siphon from New Home Sales

New home purchases in February returned to the sales pace of five months ago, indicating the housing recovery has yet to find solid footing amid a persistent number of distressed properties on the market. Sales ...
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