US debt still attractive to overseas investors
July 19, 2011 by
Filed under mortgage rates
US debt still attractive to overseas investors
The rest of the world still trusts Uncle Sam to make good on his word.
Read more on AP via Yahoo! Philippines News
S&P warns it may downgrade Fannie, Freddie credit
July 18, 2011 by
Filed under mortgage rates
S&P warns it may downgrade Fannie, Freddie credit
Standard & Poor’s warned mortgage giants Fannie Me and Freddie Mac on Friday that they may lose their top credit ratings if lawmakers don’t raise the U.S. government’s borrowing limit in time to avoid a default.
Read more on AP via Yahoo! Philippines News
Mortgage rates fall to labor pains
July 17, 2011 by
Filed under mortgage rates
Mortgage rates fall to labor pains
Mortgage rates dropped this week amid economic reports that show that the United States still faces a bleeding labor market and a crawling economy. The benchmark 30-year fixed-rate mortgage fell 10 basis points this week, to 4.69 percent, according to the Bankrate.com national survey of large lenders.
Read more on Bankrate.com
Slow Start For State Program That Helps Buyers Purchase Foreclosed Homes
July 16, 2011 by
Filed under mortgage rates
Slow Start For State Program That Helps Buyers Purchase Foreclosed Homes
Get Business Mobile Text Alerts Three years ago, the state legislature created a series of home mortgage programs aimed at the foreclosure crisis.
Read more on Hartford Courant
Bay Area home sales, median price rose from May to June
July 15, 2011 by
Filed under mortgage rates
Bay Area home sales, median price rose from May to June
Nearly 8,000 homes sold in the region’s nine counties last month, up nearly 15 percent from around 7,000 in May
Read more on San Jose Mercury News
Join forces to save money
July 14, 2011 by
Filed under mortgage rates
Join forces to save money
From taking out a mortgage to paying for a trip to the cinema, clubbing together with family or friends can save you money.
Read more on AFP Telegraph Finance News via Yahoo! UK & Ireland Finance
Fed sees 5-year exit from US crisis support
July 13, 2011 by
Filed under mortgage rates
Fed sees 5-year exit from US crisis support
The Federal Reserve has set a gradual exit from crisis support of the US economy that could take up to five years, according to the minutes of its last policy meeting released Tuesday.But with the economy …
Read more on Yahoo!7 Finance
What Would a U.S. Government Default Feel Like For an Average American
July 12, 2011 by
Filed under mortgage rates
What Would a U.S. Government Default Feel Like For an Average American
A compromise between the budget proposals being batted around by President Obama and House Speaker John Boehner will, hopefully, be reached before the federal government defaults on any debt. But what if the August 2 deadline to raise the debt ceiling comes and goes [...]
Apartments, rentals heat up; housing sales decline
July 11, 2011 by
Filed under mortgage rates
Apartments, rentals heat up; housing sales decline
Home sales in the Columbus metropolitan statistical area fell nearly 7 percent through the first six months of this year, according to Multiple Listing Service data.
Read more on Columbus Ledger-Enquirer
Spanish mortgage defaulters face debt nightmare
July 10, 2011 by
Filed under mortgage rates
Spanish mortgage defaulters face debt nightmare
Inma Rodriguez lost her job, and now that she’s defaulted on her mortgage, she’s about to lose her home. But the nightmare doesn’t end there: Once creditors kick her out, she’ll still need to pay back the money she borrowed to buy her house.
Read more on AP via Yahoo! Singapore [...]