The long-term fixed rates on mortgages spiked in the last week of June along with bond yields. If we look at the facts, it’s been 30 years since the last largest weekly increase in the fixed-rate mortgage since 17th April 1987. Surprisingly, the 30-year fixed-rate
The housing market in the state of Texas is doing amazingly well at this point of the year with national builders re-entering the market to establish and build new homes. The Dallas Ft. Worth area is being considered as the gold mine for these builders. The
As part of the National Mortgage Settlement, the largest mortgage servicers of the country have paid $50.63 billion to over 6,20,000 homeowners. In order to concentrate on the issues of mortgage loan servicing and foreclosure abuses, the Department of Justice, U.S., Department of Housing Urban
Last year, the American housing market saw historically low mortgage rates and it was seen that homeowners paid approximately 37% less per month in the fourth quarter of 2012, even though homes cost about 14.5% more. Zillow conducted a study of current and historic median
You might find this a silly question, but do you have a Smartphone? We think that the majority answer would be ‘Yes’! With apps for everything ranging from recipes to yoga to weather, it is not surprising to see a mortgage management app. Republic Mortgage
As mentioned in many of our earlier blogs, the San Francisco Bay Area has been one of the most badly hit housing markets in the nation. But over the past few years, home sales have been on the rise according to DataQuick, a San Diego-based
In troubled times such as these, when there is rampant unemployment and the fear of foreclosure among other issues, many people have questions related to filing their taxes. We will be covering a few situations where it would be beneficial to contact the IRS and
According to the Bipartisan Policy Center, which comprises former secretaries of the U.S. Department of Housing and Urban Development and former Senators, the federal government is extremely involved in the national housing market and they should take steps to reduce this engagement. The experts justify
According to a report by RealtyTrac®, California topped the list by accounting for seven out of the ten highest metro foreclosure rates and ten out of the top twenty metro foreclosure rates during the first half of 2012. Being among the top on the list
To have a home to call your own is a common and probably most popular dream. Home prices and mortgage rates have been at their lowest, but heavy down payments stand in the path of many such dreams. There was a time when the housing