Mortgage Rates Drift Lower Mortgage Rates actually declined slightly last week. tags: mortgage rates Freddie Mac reports a slight drop in the 30-year fixed mortgage rate to 5.06 percent during the week ended April 29 from 5.07 percent the prior week. A year ago, rates were just under 5 percent. The 15-year fixed mortgage rate [...]
All articles in category: "Foreclosures"
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Mortgage Rates Drift Lower
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Twenty-Seven Million People with Mortgages Believe They Owe More than Their Homes Are Worth
These are some of the results of The Harris Poll of 2,320 adults surveyed online between March 1 and 8, 2010 by Harris Interactive. Other interesting findings include: * Over two-thirds (69%) of adults who are homeowners have a mortgage that they need to pay off. * People whose homes are believed to be worth [...]
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Government Encouraging Lenders to Reduce Principal Amounts for “Underwater Mortgages”
Following Bank of America’s new Program, the Federal Government is looking for ways to help more Underwater Borrowers avoid Foreclosure, by having their Principal Amounts reduced, regardless of if they are in default or not. Here are a few excerpts from a New York Times Article, and my thoughts about them. New initiatives to help [...]
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Mortgages Explained- Utah Real Estate Blog
- Cache County Real Estate Sales Start SlowlyAs I ran the monthly sales stats this morning I was shocked at just how low the monthly home sales were for Logan Real Estate during January. Over the last few months, things looked like the real estate market had really turned a corner. It looked as if the days of super low monthly home sales were behind us. Unless January was a statistical aberration, I wa […]
- Mortgage Interest Rates at NEW Record LowsIt’s hard to believe, but mortgage interest rates hit all time lows AGAIN. It makes me just want to buy again even though I just bought. Home financing is just so cheap right now. Here is the break down from the latest Freddie Mac survey: 30- Year Fixed Mortgages 3.89% 15 year Fixed Mortgages: 3.16% 5 Year ARM: 3.23 via utahrealestate4sale.com What a fantast […]
- Investing in Multi-Family HomesOne of the best ways to invest in real estate is by investing in Multi-Family Homes. These are residential properties with 1 to 4 units. Multi-family homes offer advantages over apartment buildings, and over single family homes. If you plan to own property with the goal of obtaining long term rental income, then the best way to get started is with multi-fami […]
- Cache County Real Estate Sales Start Slowly