Some 30-Year Mortgage Rates Aren’t Really Fixed
Let’s talk about mortgage marketing for a moment. I’d hate to call it deceptive, since that’s a term used by the FTC and other government… Read More »Some 30-Year Mortgage Rates Aren’t Really Fixed
September 2011
Should You Buy a House Now or Wait?
With mortgage rates on long-term fixed-rate mortgages finally slipping into the 3% range, mind you just barely, more fence-sitters may be pondering if they should… Read More »Should You Buy a House Now or Wait?
Short Sales Can Save You Money If You’re Extremely Patient
If you’re reading this, you’ve undoubtedly heard of a real estate short sale, which allows a distressed homeowner to unload their property for less than… Read More »Short Sales Can Save You Money If You’re Extremely Patient
6 Things Holding Renters Back From Becoming Homeowners
A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six core issues… Read More »6 Things Holding Renters Back From Becoming Homeowners
19 Percent of Borrowers Who Owned a Home in 2007 No Longer Qualify
Some 19 percent of borrowers who owned a home in 2007 no longer qualify for a mortgage based on payment history alone, according to testimony… Read More »19 Percent of Borrowers Who Owned a Home in 2007 No Longer Qualify
The State of the Housing Market
Over the past few years, economists and housing advocates have predicted a recovery in “x” or “y” year, only to push those estimates back by… Read More »The State of the Housing Market
28 Million Outstanding Mortgages Have Above Market Rates
Like clockwork (days after the underwater refinance plan emerged), CoreLogic released a new report today revealing the millions of underwater homeowners who have above-market interest… Read More »28 Million Outstanding Mortgages Have Above Market Rates
New Refinance Program Probably Won’t Mean Much
During President Obama’s speech to the nation last week, he mentioned that the White House would be working with the federal housing agencies to help… Read More »New Refinance Program Probably Won’t Mean Much
Mortgage Rates Lowest Ever, Woo.
About a month ago, I discussed whether mortgage rates could drop any lower. At that time, the en vogue 30-year fixed-rate mortgage averaged 4.32%, per… Read More »Mortgage Rates Lowest Ever, Woo.
What on Earth Is a Zestimate and Is It Accurate?
I was on Zillow the other day looking at real estate when it occurred to me that I never really touched upon the so-called “Zestimates”… Read More »What on Earth Is a Zestimate and Is It Accurate?