Posts with tag unemployment

A few years ago, the real estate community was gripped with Millennial Fever: the idea that the Millennials (or Generation Y), born between say 1983 and 2003 (according to NewGeography.com anyhow) and representing the largest demographic group in the United States after the Baby Boomer generation, would be the single most... Continue Reading »

There's a new federal program to help delinquent homeowners keep their homes as they grapple with loss of income: Up to $50,000 in an interest-free "bridge" loan for lower-to-middle-income mortgagers to cover past-due and future mortgage payments. With so many homeowners disheartened by the lack of acceptance into... Continue Reading »

Times have been tough for would-be homebuyers, despite record-low mortgage rates and plummeting home prices. Primarily that's because lenders have raised down-payment and credit score requirements. In the following piece, SmartMoney.com explains why it soon may become a lot easier for borrowers to qualify and to obtain the... Continue Reading »

Minnesota homeowner Matt Kreger refinanced his $168,000 mortgage into a 4.75 percent 30-year fixed-rate three weeks ago, to get out of a 5-year, interest-only ARM with a 5.7 percent rate, which was set to change at the end of September. Borrowers such as Kreger were part of a push before Labor Day to close on the... Continue Reading »

A continued heavy supply of homes on the market has brought home purchases almost to a standstill, despite low housing prices and low interest rates, say some industry pundits. Meanwhile, a declining clan of buyers are faced with unemployment, tight mortgage restrictions and the expiration of the tax credit. "The market,... Continue Reading »