by Jim Crowder | Sep 27, 2013 | HOUSING MARKET
According to Lender Processing Service’s First Look mortgage report, which covers approximately 70% of the Unites States mortgage market, foreclosures and mortgage delinquencies have dropped considerably across the U.S. The loan delinquency rate averaged 6.20%...
by Jim Crowder | Sep 26, 2013 | HOUSING MARKET
Home prices have continued to jump, increasing 12.4% in July 2013 compared to one year earlier. According to the S&P/Case-Shiller home price index, in July, home prices showed the largest gain since early 2006. According to the index, 50% of all major housing...
by Jim Crowder | Sep 25, 2013 | HOUSING MARKET
The new reverse mortgage rule changes may seem to complicate the process for many older Americans who are already struggling during their retirement years. But, The new changes, which will take place on October 1st are intended to help seniors be more cautious...
by Jim Crowder | Sep 24, 2013 | HOUSING MARKET
Mortgage rates in the United States fell marginally last week, a sign that the housing market may be cooling down. According to Freddie Mac, the average 30-year fixed rate loan dropped 0.07% last week, averaging 4.50% while the average 15-year fixed rate mortgage fell...
by Jim Crowder | Sep 23, 2013 | HOUSING MARKET
Existing home sales in the United States have jumped, reaching a 6 1/2 year high last month. Home Sales grew to an annual rate of 5.48 million units in August, a 1.7% increase according to the National Association of Realtors. Lawrence Yun, NAR chief economist said,...
by Jim Crowder | Sep 20, 2013 | HOUSING MARKET
Single-family housing construction picked up in August along with future construction permits. According to the Commerce Department, single-family housing starts jumped 7.0%, the highest level seen in 6 months, averaging an annual rate of 628,000 units. Construction...
