Latest Posts
Why Principal Reductions on Loan Mods Aren’t the Move
Unless you live under a rock, you’ve likely heard stirrings of a mega super duper fantastic solve-all trillion-dollar refinance program in the works to save America once and for all.... Read More »
Freddie Mac Expands Unemployed Mortgage Forbearance
Mortgage financier Freddie Mac announced late last week that it was expanding its forbearance program for unemployed borrowers. Beginning on February 1, mortgage loan servicers will be able to offer... Read More »
Mass Mortgage Refinancing Plan: Obama’s Ace In the Hole
We’ve heard talk of mass refinancing plans for years now, but nothing has quite delivered. Sure, the Home Affordable Refinance Program (HARP) was recently expanded to allow just about any... Read More »
Happy Holidays: Your Gift is Record Low Mortgage Rates
You guessed it. Just in time for the holidays, mortgage rates fell to yet a new record low. Average interest rates on the popular 30-year fixed-rate mortgage slipped to 3.91%... Read More »
Study Says Negative Home Seller Sentiment Hurting Sales Activity
A new study released today by the Mortgage Bankers Association argues that despite home buying sentiment being relatively normal, negativity among home sellers is holding back sales. Of course, it’s... Read More »
Fitch: Supply of Foreclosed Homes ‘Staggering’
In case you were wondering how things were going on the housing front, the news still doesn’t look too hot. Aside from homes sales data being revised, the foreclosure glut... Read More »
Home Sales to Be Revised Down, Mortgage Rates to Remain Low in 2012
In yet another setback for the already fragile housing market, the eternally optimistic National Association of Realtors announced Tuesday that it will revise existing home sales data lower in its... Read More »
Bernanke Has Refinanced His Mortgage Twice in the Past Two Years
When deciding whether you should refinance your mortgage, you may look to your friends, family, and neighbors to see what they’re doing and/or to get advice. After all, if they’re... Read More »
Average Mortgage Down Payment is 12.29%
Just a day after posting my primer on mortgage down payments, LendingTree came out with some rather timely mortgage down payment data. The online mortgage lender revealed that the average... Read More »
A Primer on Mortgage Down Payment Requirements
If you’re in the market to buy a new home or condo, you’ve undoubtedly thought (or stressed) about the down payment. But how much should you put down? How much... Read More »
