Fixed Mortgage Rates Hit Another Low
Toward the end of 2012, mortgage rates for 30-year fixed rate loans hit a new low – one rarely seen since tracking began in the early 1970s. While current mortgage rates still hover above November 2012 levels, amounts for both…
Identifying At-Risk Borrowers Isn’t Simple, According to Freddie Mac Report
On March 22, Freddie Mac released a study with data pertaining to mortgages originating in 2011. According to a press release, the sample consisted of 50,000 fully amortized, fixed-rate, single-family, 30-year home loans backed by Freddie Mac, with the data…
Student Loans Could Be Holding Back Housing Market
Since the housing market crash in 2007 and the Great Recession the year after, the two facets of the economy have been seen as symbiotic. Mainly, buying power to reach homeownership is diminished when employment prospects are low, but obtaining…
Government Program Leads to More Refinancing
>A solution for having a more manageable mortgage payment or better interest, particularly with the drastically fluctuating real estate market, is refinancing. In fact, refinancing underwater or adjustable-rate mortgages has been one of the solutions to combat foreclosures. As of…
Fewer U.S. Mortgages Underwater
Underwater mortgages are one of the long-standing ramifications of the 2000s housing crash. As you can recall, prices significantly increased from 2002 through ’06, with credit easily available. After the crash, average home prices plummeted, especially in areas like Las…