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Mortgage Rates Expected To Rise
According to Stu Feldstein, the president of a mortgage research firm, if the Democratic and Republican parties do not reach an agreement within the next couple of days, interest rates could increase considerably when the government breaches the debt ceiling. There...
Housing Market Expected To Slow As Year Comes To An End
The housing market has made significant strides over the last year as lower interest rates, and stabilizing economy helped to make home buyers feel more optimistic about making the decision to buy. Rising prices and low inventory rates have also helped increase the...
Government Shutdown Slowing Housing Market
According to recent data, the government shutdown is effecting the housing market negatively. New homebuyers seeking to borrow may be slowed by missing or unattainable information. The president of the MBA, David Stevens said, "the longer it goes, the greater impact...
Average Mortgage Rates Experience Minimal Increase, But Remain Relatively Unchanged
According to a recent study, mortgage rates have increased very slightly for the first time in a month. The small increase is attributed mainly to the government shutdown, and the resulting inability of various economic reports to be released. Unfortunately, most...
Fannie Mae and Freddie Mac Ease Lending Rules in Response to Shutdown
Government-backed mortgage companies Fannie Mae and Freddie Mac have relaxed certain requirements that would normally restrict the approval of mortgages during a government shutdown. While they would normally require the IRS's confirmation before allowing lenders to...
Housing Activity Close to Pre-Recession Levels in Many Areas
The National Association of Home Builders (NAHB) is reporting that housing activity levels in 52 of the housing markets are back up to 85% of their normal, pre-recession activity. The numbers factor in information from the Bureau of Labor Statistics, Freddie Mac, and...
Government Shutdown May Have Significant Impact on FHA Backed Mortgages
According to economists, an extended government shutdown is likely to have significant negative effects on the FHA (Federal Housing Administration), which, along with other various government agencies, backs around 90% of mortgages in the U.S. With only 67 of the...
Foreclosure Filings Hit 8 Year Low
According to online research, August had the lowest number of foreclosure filings in 8 years. Filings fell 44% from the previous month to 55,575, down nearly 500 from the previous low of 56,063, recorded back in October 2005. In a state-by-state ranking of filing...
Government Shutdown Expected To Slow Housing Market Growth
According to housing market experts, the government shutdown could possibly hurt the growth of the housing industry. Since the housing crash took place in 2008, lenders requested more financial information from borrowers, including tax returns. Experts say that as...
Home Prices Jump 0.9%
U.S. home prices continue to increase, jumping 0.9% last month and 12.4% from August 2012. Distressed sales and short sales have also increased 11.2% from last year according to CoreLogic. Although home prices have increased, they are still considered below average....

