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Mortgage Rates & Trends: Mortgage Blog
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Today’s Housing Market: Rent vs. Own
As American as baseball and apple pie, realizing the American dream has always been associated with homeownership. In the second quarter of 2010, however, the number of homeowners realizing the American dream has dipped to the lowest level since 1999. According to a recent report by the U.S. Census Bureau, the rate of homeownership in [...]
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Altos Research: Home Values Will Continue to Decline in 2010
I’m starting to feel like a broken record regarding home values, but it is a slow news day, so here goes: a report from Altos Research via REO Insider’s Jon Prior states that home prices will continue to decline in 2010, and will start 2011 at lower levels than they were in 2009. According to [...]
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Low Mortgage Rates – July 30th, 2010
Mortgage rates at Total Mortgage are currently near the lowest levels ever recorded. Total Mortgage has a wide variety of mortgages including jumbo, FHA, conventional, and much more. All of these mortgage products have some of the lowest mortgage rates around. One of the more popular mortgage products at Total Mortgage is the 30 year [...]
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“Fundamental Reform” Necessary For Fannie Mae and Freddie Mac
Since the passage of the financial reform bill, the government has set its sights on reforming Fannie Mae and Freddie Mac. This is good because the bailout of Fannie and Freddie (which is actually a bailout of large banks) has cost U.S. taxpayers $145 billion so far. Some estimates place the ultimate cost of the [...]
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Affordable Mortgage Rates Available in Massachusetts
Total Mortgage currently has some of the most affordable mortgage rates in Massachusetts. Regardless of whether you are buying a house in the Boston area, on Cape Cod, or anywhere else in Boston there is a mortgage product that fits your financial needs. Adjustable rate mortgages (ARM) can be a great option if you are [...]
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Mortgage Rates in New Jersey
Mortgage rates in New Jersey are amongst some of the lowest in the nation right now. Total Mortgage currently has a wide variety of mortgage products available in the Garden State; all of which have some of the lowest mortgage rates in the state. One of the more popular mortgages in New Jersey is the [...]
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Housing Prices Predicted to Fall Over Next Year
Another gloomy report about housing prices, today from Fiserv via Housing Wire’s Diana Golobay. According to the report, the national average house price went up 2 percent year-over-year in the first quarter of 2010, which is the first year-over-year gain since 2006. At first glance this appears to be good news, but the increase is [...]
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Record Low Mortgage Rates According to Freddie Mac
Mortgage rates fell to record lows last week, according to Freddie Mac. This marks the sixth consecutive week that Freddie Mac has reported record low mortgage rates for fixed rate mortgages. Freddie Mac is reporting the average mortgage rate for a 30 year mortgage is 4.54 percent for the week ending July 22. This is [...]
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More Evidence of a Housing Bubble in China
I’ve been talking about the Chinese housing bubble for the last couple of months. While I am certainly not alone in this, it is a topic that I do not feel has received any where near enough ink in the press. Today there is a very good article on Vox that was linked to from [...]
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Foreclosures Rise in Majority of U.S. Cities
Every day I post negative news about the economy and the housing market. One day I hope to come in and share some good news with you. Today is not that day. A story from Reuters writer Lynn Adler this morning brings us more discouraging foreclosure news. According to the article, foreclosures rose in nearly [...]
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