Retail Sales Weak In December; Home Affordability Gets A Boost
Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.
Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.
Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac's weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.
According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings nationwide dropped for the second straight month in December. After falling 21 percent in November, filings were down by an additional 2 percent in December.
With 2010 coming to a close, the "experts" are out in full force, making predictions for next year's housing and mortgage markets on business television and in the papers.
The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October.
November marked the first time since February 2009 that the number of monthly foreclosures filings failed to surpass 300,000 units.
BusinessWeek recently released its America's Best Place to Raise a Family list. Chicago suburb Tinley Park, Illinois, topped the list.
Home security experts recommend motion-detector lighting to be installed on all 4 sides of a home. Here's a step-by-step tutorial of how to get it done.
Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.
it's a fantastic time to be a Philadelphia home buyer where 66.3 percent of all new and existing homes sold in the third quarter were affordable
The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.
The company behind the popular FICO scoring model has published a "What If?" series for common, specific credit missteps.