The number of homes sold in the state continued to slide in the second quarter, the Washington Center for Real Estate Research at Washington State University reported Thursday.
The sales of 89,380 homes in the quarter that ended June 30 was 8.5 percent below the sales in the first quarter and 31.7 percent below the second [...]
As house prices continue dropping and transaction levels reach a new low, financial solutions company ThinkMoney.com welcomes the recent falls in fixed-rate mortgage rates.
Recently, falls in the cost of wholesale funding have allowed lenders such as HBOS, HSBC, RBS and Woolwich to reduce their mortgage rates, reports Times Online. These cuts may not be not [...]
Alan Greenspan has definitely been keeping busy since retiring from the Federal Reserve; apparently hes been strategizing ways to solve the housing crisis, among other things.
In the Capital column in todays Wall Street Journal, he shares his thoughts on the real estate market and the housing bailout bill recently signed by President Bush. The column, [...]
NEW YORK (CNNMoney.com) — Since mortgage interest rates are on the rise, home buyers can save considerable cash by locking in a reasonable rate when they find one.
During the housing boom, interest rates were extremely low – generally between 5.5% and 6.5% – and very stable. So borrowers often didn’t bother to ask lenders to [...]
Gov. David A. Paterson yesterday signed legislation that requires lenders to give subprime loan borrowers a 90-day notice before starting foreclosure proceedings.
Subprime loan homeowners will now have time to meet with lenders and receive other information on dealing with their debt. Subprime loans are generally held by borrowers with shaky credit, and carry higher interest [...]
The volume of mortgage applications filed last week rose slightly, increasing a seasonally adjusted 2.8% compared with the week before, the Mortgage Bankers Association reported on Wednesday.
Applications dropped 33.7% for the week ended Aug. 1, compared with the same week in 2007, the Washington-based MBA said. The MBA’s survey covers about half of all U.S. [...]
The highest 30-year mortgage rates in a year eroded demand for U.S. home loan applications last week, according to an industry trade group on Wednesday.
The Mortgage Bankers Association’s seasonally adjusted application index dropped 6.2% in the week ending July 18 to 489.6, with a 6.59% 30-year mortgage rate depressing applications for purchases and refinancing.
Average [...]
More than three-quarters of Irish real-estate agents don’t expect an improvement in housing-market activity over the next 12 months, NCB Stockbrokers reported, citing a survey.
Forty-nine percent of those surveyed expect the property market to remain the same, while 29 percent expect a decline, Dublin-based NCB said in a report today. Twenty-two percent expect an improvement.
“Tighter [...]
Problems in the lending industry have caused great worry (both legitimate and paranoid) for prospective Real Estate consumers. But today there is some great news for the second largest mortgage lender in the country, and great news for the economy in general. According to an MSN money article dated July 16, 2008, Wells Fargo is [...]
Recent commentary from the US Federal Reserve has shown a shift from being concerned only about the risks to economic growth in the US to a more balanced outlook where the outlook for inflation is of equal concern for policymakers.
The question is will the Fed move to address the inflation outlook in the short-term given [...]