Posted by Wendy Herbst // July 1, 2014
Long-term mortgage rates fell for the fourth consecutive week, amid weaker housing data, with 30-year rates falling to a two-and-a-half month low. Freddie Mac says 30-year fixed-rate mortgages averaged 4.23 percent in the week ending Feb. 6, down from 4.32 percent last week. A 15-year fix averaged 3.33 percent this week, down from 3.40 percent. One-year […]
Posted by Wendy Herbst // July 1, 2014
A lot has changed in real estate in 2013. Home values have skyrocketed in many markets, mortgage rates have risen from their bottom and most recently, negative equity fell at the fastest pace ever. Zillow predicts 2014 to see a continuation of this positive trend. Take a look at Zillow’s four bold predictions for real estate and mortgages below, and the […]
Posted by Wendy Herbst // July 1, 2014
Is Wall Street’s housing take over going to threaten markets across the country? Some sensationalists have been seeking attention in the news by highlighting trends in rapidly rising home prices. But is Wall Street’s domination of the rental market really the biggest threat to the economy and financial stability of Americans? Where are these trends really […]
Posted by Wendy Herbst // July 1, 2014
There are 15 options when facing foreclosure. Some of the options are not very effective and some options are preferred in particular situations. Some options can even work together. There is no magic solution that should be used in every situation so it is important to understand the different options and which options works best […]
Posted by Wendy Herbst // July 1, 2014
SAN FRANCISCO –As chief economist of the National Association of Realtors, the housing industry’s biggest cheerleader, Lawrence Yun often has an optimistic outlook. Mr. Yun outlined his housing-market forecast for 2014 at NAR’s annual conference here, predicting that existing home sales will remain flat at roughly 5.1 million units, prices will rise by 6% and interest rates, […]
Posted by Wendy Herbst // July 1, 2014
Since HARP, the Home Affordable Refinance Program, was made available in 2009, more than 2.9 million* homeowners have used the program to refinance their properties. But over the years, HARP has seen significant enhancements, and there are now many eligible borrowers whose properties are not their primary residences. Today, 1 in 6 HARP refinances are for […]