mortgages - Articles

Housing Starts Rise Less Than Forecast, Permits Fall

Patrick T. Fallon/Bloomberg via Getty Images By Lucia Mutikani WASHINGTON -- - U.S. housing starts rose but below market expectations and building permits fell in March, pointing to underlying weakness in the housing market that could persist despite improving weather. The Commerce Department said Wednesday... Continue Reading »

Missed Mortgage Payments Are Back on the Rise

ShutterstockMore mortgages were 30 to 59 days past due in the fourth quarter of 2013 than at the same time in 2012. By Christine DiGangi For several quarters, lenders have been reporting low and falling delinquency rates for credit card, mortgage and auto loan borrowers, and that positive trend has opened up credit... Continue Reading »

Mortgage Applications Fall as Refinancing Drops

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.6... Continue Reading »

Mortgage Applications Fall in Latest Week

Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand,... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Fixed Rates Fall Back

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.25 percent, down from 4.27 percent at this same time last week. The 30-year fixed mortgage rate peaked on Wednesday at 4.29 percent before falling to 4.20... Continue Reading »

Home Prices Rise in February Despite Weaker Sales

Tony Dejak/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic (CLGX) said Tuesday that prices for existing homes rose 12.2... Continue Reading »

Mortgage Applications Fall as Interest Rates Pick Up

Ron Antonelli/Bloomberg via Getty Images By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since January, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application... Continue Reading »

New Home Sales Fall to 5-Month Low

Tony Dejak/AP By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes fell more than expected and hit a five-month low in February, pointing to continued weakness in the housing market. The Commerce Department said Tuesday that sales fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units,... Continue Reading »

Home Prices Rise More Than Forecast in January

Justin Sullivan/Getty Images By Rodrigo Campos NEW YORK -- U.S. single-family home prices rose in January and slightly beat expectations, a closely watched survey said Tuesday. The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.8 percent in January on a seasonally adjusted basis. A Reuters poll of... Continue Reading »

Americans Now Put Mortgages Ahead of Credit Cards, Study Says

Shutterstock By Alex Veiga LOS ANGELES -- When it comes to paying the bills, the mortgage is once again more of a priority for many U.S. homeowners than their credit cards. That's the conclusion of a study released Wednesday by credit reporting agency TransUnion, which examined about a decade's worth of U.S. consumers'... Continue Reading »

Existing Home Sales Slip in February

Gene J. Puskar/AP By Margaret Chadbourn WASHINGTON -- U.S. home resales dropped slightly in February to a 19 month-low as cold weather and a shortage of homes for sale continued to sideline potential buyers. The National Association of Realtors said Thursday home sales dropped 0.4 percent to an annual rate of 4.60... Continue Reading »

Mortgage Applications Fall in Latest Week

By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home... Continue Reading »

4 Ways to Make Money in Real Estate

Shutterstock By Leonard Baron Most people purchase real estate in hopes of earning wealth from their purchase, just as they would with any other investment asset. However, real estate is unique in that it has four distinct components of investment return. Essentially, here are the four ways you can make money as a... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Fixed Rate Drops

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.19 percent, down from 4.21 percent at this same time last week. The 30-year fixed mortgage rate steadily declined last week, dropping to as low as 4.13... Continue Reading »

Housing Starts Fall, But Permits Rebound

Patrick T. Fallon/Bloomberg via Getty Images By Lucia Mutikani WASHINGTON -- U.S. housing starts fell for a third straight month in February, but a rebound in building permits offered some hope for the housing market as it struggles to emerge from a soft patch. The Commerce Department said Tuesday groundbreaking... Continue Reading »

Saving for a Home: How Much Is Enough?

Shutterstock By Chris Birk It's easy to get caught up in credit scores when considering a home purchase. But as lenders continue to loosen requirements, the need to have money in the bank doesn't get any less acute. Getting prescriptive about how much you need in savings to satisfy a mortgage lender is tough business.... Continue Reading »

Senate Banking Leaders Outline Plan to Dump Fannie, Freddie

AP By Margaret Chadbourn The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages. Committee Chairman Tim Johnson, a Democrat,... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Rises

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.21 percent, up from 4.11 percent at this same time last week. The 30-year fixed mortgage rate steadily rose last week, peaking at 4.27 percent on Monday... Continue Reading »

If Your Mortgage Payment Went Up, Here's Probably Why

Flickr By Arthur Murray Freaked out because your mortgage payment has increased? Before you write that next mortgage check, let's investigate what's going on with the payment. The increase could come from a number of factors and there may be something you can do about it besides paying more each month. Many lenders... Continue Reading »

How 1% in Mortgage Interest Really Adds Up

Zillow By Erin Lantz If you are shopping for a new home, it's equally important to shop around for the best mortgage rate, too. Rates can vary greatly between lenders and even seemingly small differences can end up saving -- or costing you -- a lot of money over time. Explore your options by comparing personalized... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Makes 1st Drop in Month

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.11 percent, down from 4.18 percent at this same time last week. The 30-year fixed mortgage rate declined steadily last week, dropping to as low as 4.09... Continue Reading »

U.S. Mortgage Applications Rise in Latest Week

Alamy By Caroline Valetkevitch Applications for U.S. home mortgages rose last week as interest rates slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 9.4 percent... Continue Reading »

Home Prices Rise at Solid Pace in January

Gene J. Puskar/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather. Real estate data provider CoreLogic (CLGX) says prices rose 0.9 percent in January after slipping 0.1... Continue Reading »

Contracts to Buy Homes Barely Budge in January

Gregory Bull/AP By JOSH BOAK The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index inched up 0.1 last month to 95. The index has... Continue Reading »

Freddie Mac to Pay Treasury $10.4 Billion on Record Profit

Alamy By Margaret Chadbourn WASHINGTON -- Freddie Mac said Thursday it will soon send the U.S. Treasury a $10.4 billion dividend after posting a ninth straight quarterly profit, putting taxpayers further into the black on their bailout of the mortgage giant. When it makes the payment next month, Freddie Mac will have... Continue Reading »

New Home Sales Surge Nearly 10% in January

Justin Sullivan/Getty Images By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes surged to a 5½ year high in January, which could ease concerns of a sharp slowdown in the housing market. The Commerce Department said Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Holds Steady

Shutterstock By Alexa Fiander Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, the same rate recorded last Tuesday. The 30-year fixed mortgage rate remained stable for the week, hovering between... Continue Reading »

Refinancing Losing Its Appeal to Homeowners

Shutterstock By Christine DiGangi There were a lot of positive changes in the mortgage world last year: Foreclosures declined, property values increased, interest rates maintained historic lows, and home sales climbed. As the recovery plowed ahead in 2013, home sales dominated new loans, making up 49 percent of new... Continue Reading »

Existing Home Sales Slump on Weather, Supply Woes

Gene J. Puskar/AP WASHINGTON -- U.S. home resales fell more than expected in January and hit an 18 month-low as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units,... Continue Reading »

Housing Starts, Permits Tumble; Mortgage Applications Fall

AP By Lucia Mutikani and Rodrigo Campos WASHINGTON -- U.S. housing starts recorded their biggest drop in almost three years in January, likely weighed down by harsh weather, but the third month of declines in permits pointed to some underlying weakness in the housing market. That weakness was evident in another report... Continue Reading »

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