Reporting from Washington – One of the key attractions of FHA home mortgage financing is going, going, but not quite gone. Sellers and buyers who move fast can still make the most of it. Sometime this summer, the Federal Housing Administration plans to slash maximum “seller concessions” from 6% of the home price to 3%. [...]
Filed under: FHA loans, Home Buying, Lending Info, Mortgage News, National Real Estate News on May 31st, 2010 | Comments Off
The debt crisis in Europe that has unhinged global stock markets also has helped push U.S. mortgage rates back toward record lows, prompting a surge in refinancing. Freddie Mac reported Thursday that the average rate offered on 30-year fixed-rate home loans sank to 4.78% this week, down from 4.84% last week and not far from [...]
Filed under: Credit Scores, Economic Recovery, Home Buying, Lending Info, Mortgage News, Mortgage Rates, National Real Estate News, Refinancing on May 28th, 2010 | Comments Off
Case-Shiller index of 20 metro areas shows prices up 2.3% in March from a year earlier. But they fell 0.5% from February. The mixed reading leaves economists disagreeing over where the market is headed. Home prices in 20 major cities gained ground in March for the second consecutive month compared with their beaten-down year-earlier levels, [...]
Filed under: California Real Estate News, Economic Recovery, First-Time Homebuyers, Foreclosures and Short Sales, Home Buying, Home Prices, Home Sellers, Home Selling, Housing Market Trends, Local LA Real Estate News, Market Update, National Real Estate News on May 26th, 2010 | Comments Off
