Blog
Foreclosure Rates Fall to 2.6%
Foreclosure rates continue to decrease in the United states according to CoreLogic. May 2013 had 19,000 fewer foreclosure listings than May 2012, averaging 52,000 completed foreclosures. The amount of homes in some stage of the foreclosure process has also fallen....
Americans Take Advantage Of Favorable Housing Market
An increasing number of Americans are taking advantage of low mortgage rates and lower home prices according to Fannie Mae's June 2013 National Housing Survey. Though mortgage rates are slowly increasing, consumers are recognizing many advantages of buying a...
Maximum Home Flood Insurance Plans Increase
According to information from The Government Accountability Office, the National Flood Insurance Program has increased to 1.3 trillion policy holders. Experts suggest the program has room for improvement such as increasing coverage limits, although, many improvements...
Federal Reserve’s Bond-Buying Program Expected To End
The Federal Reserve's bond-buying program is expected to come to an end as the economy continues to improve. John Sim, a JPMorgan analyst said,"we expect to see the risk premium between prime/subprime floaters to compress. The nature of this move higher in rates...
Housing Inventory Grows
According to Movoto, housing inventory continues to increase from last month bringing good news to home-buyers as competition over homes will slow due to the increased inventory. Approximately 3,574 more properties were up for sale last month compared to May 2013....
Many Borrowers Will See Mortgage Payment Reductions
The Streamlined Modification Initiative goes into effect this week and will help many home loan borrowers save large amounts of money. The effort is targeted toward borrowers with mortgages from Freddie Mac or Fannie Mae and are 90 days or more late on payments. The...
Consumer Sentiment Grows
A new survey showed that consumer sentiment has shown great improvement over the last few months ending June with a high near 82.7. Richard Curtin, the surveys director indicated that the increase in mortgage rates and fall in stock prices have not negatively changed...
Pending Home Sales Hit 6-Year High
New contracts made to purchase previously owned homes jumped 6.7% last month, the highest level seen in six years according to the National Association of Realtors' Pending Home Sales Index. Additionally, contracts have increased 12.1% from last year and are expected...
Housing Market Showing More Signs Of Success
Home prices in the United States continue to jump, increasing 12.1% in April 2013 from April 2012. The Standard & Poor's/Case-Shiller 20-city home price index has shown growth as well, increasing 2.5% from March to April 2013, the largest month-over-month increase...
Foreclosure Rates Decrease
According to Lender Processing Services, the foreclosure pre-sale inventory rate averaged 3.05% in May 2013, decreasing 26.98% from May 2012. The United States delinquency rate has also fallen to the lowest rate seen in five years averaging 6.05%. Additionally, the...