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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...

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...

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...

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....

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