Home Values Down Again
Another Year of declining home values, some question when will it stop? Zillow says a market consumed with tax credits in the early part of 2010 kept home values stabilized. But, the end of those credits caused a hangover, leading to a 5.9% drop in year-over-year fourth quarter home values and a 27% decline...Mortgage Rates Rise For The 7th Straight Day
Mortgage markets worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This is a huge increase from just 11 weeks ago when mortgage...Need a zero-down mortgage? Look outside the city – MSN Real Estate
The zero-down mortgage is still alive through the Agriculture Department’s rural-development housing program. via Need a zero-down mortgage? Look outside the city – MSN Real Estate. If I told you that there was a Conventional loan that had: NO down payment, NO monthly PMI, the seller is allowed...Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now
If your ARM is due to adjust this spring, your best move may be to allow it. Don’t rush to refinance — your rate may be adjusting lower. It’s because of how adjusted mortgage rates are calculated. First, let’s look at the lifecycle of a conventional, adjustable rate...What’s Ahead For Mortgage Rates This Week : February 7, 2011
Posted by yourmortgageplanner on Feb 7, 2011 in Featured Articles, Mortgage Rates, Weekly Review | 0 comments
Mortgage markets worsened last week as Wall Street came to terms with the expanding economy; and realized the Federal Reserve may be trying to induce inflation.
Better-than-expected retail sales and positive job growth buoyed stock markets and sank bonds.
Mortgage rates in Washington rose for the 4th time...
