Archive for June 2009

Mortgage rates tick up, remain above lows

Jun 26th, 2009 | By Gregory Arzumanov | Category: Financial News

By Gregory Arzumanov M.B.
June 26, 2009 Rates for 30-year home loans edged up this week, remaining above record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week earlier, mortgage company Freddie Mac said Thursday.
Mixed economic reports on the state of the housing [...]



Not paying the mortgage, yet stuck with the keys

Jun 24th, 2009 | By Gregory Arzumanov | Category: Financial News

WASHINGTON June 24, 2009 A growing number of American homeowners are falling into financial limbo: They’re badly behind on payments, but their banks have not yet foreclosed.
The backlog of seriously delinquent mortgages, which so far affects about 1 million borrowers, is a shadow over hopes for a rebound in the nation’s housing markets. [...]



Home sales stabilizing; weak recovery seen

Jun 24th, 2009 | By Gregory Arzumanov | Category: Housing News

WASHINGTON June 24, 2009 Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.
Sales of previously occupied homes rose by 2.4 percent from April to May – the third monthly increase this year – but the results missed analysts expectations.
Home sellers are [...]



Florida’s existing home, condo sales rise in May 2009

Jun 12th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

ORLANDO, Fla. May 27, 2009 Floridas existing home sales rose in April the eighth consecutive month that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR). Aprils statewide sales showed gains over the previous months sales level in both the [...]



Mortgage rates rise again

Jun 12th, 2009 | By Gregory Arzumanov | Category: Financial News

WASHINGTON June 12, 2009 Rates for 30-year home loans jumped to the highest level in seven months this week, leading to a slowdown in refinancing activity, Freddie Mac said Thursday.
The average rate for a 30-year fixed mortgage was 5.59 percent this week, up from 5.29 percent last week, Freddie Mac said. The last [...]