Aug 16th 2011 11:00AM
With unemployment high, markets on a hair trigger and the memory of Washington debt-ceiling gridlock still fresh, many Americans are reluctant to put their money toward any venture that could be less than fully secure. Despite efforts on the part of the White House and the Federal Reserve to encourage borrowing and... Continue Reading »
Jun 21st 2011 4:28PM
For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial (AMP), a financial services company. Price spoke with DailyFinance to explain why the decline in real estate is just... Continue Reading »
Apr 20th 2011 9:32AM
Are home buyers starting to make their move? The latest data certainly suggests something along those lines: Mortgage applications rose 5.3 percent last week, according to the Mortgage Bankers Association. While much of that increase likely was due to an increase in FHA government-backed loans before insurance rates rise,... Continue Reading »
Jan 27th 2011 10:14AM
With the housing market on the slow path to recovery, many brokers continue to offer low-cost refinances -- a mortgage payment revamping that covers closing costs -- to sweeten the deal for homeowners. According to mortgage broker Kirk Tatom of Dallas-based Tatom Lending, a low-cost refinance also referred to as a... Continue Reading »
Jan 19th 2011 4:41PM
Adjustable rate mortgages were a popular option when housing prices were soaring a few years back. But they fell out of fashion by early 2009, when they represented just 3 percent of the market, as compared to the 70 percent market share they enjoyed in 1994, according to a New York Federal Reserve report. These days,... Continue Reading »
