Housing starts surge to 33-year-high NEW YORK - Warm weather helped the pace of home building to soar to the highest reported level in nearly 33 years in January, according to a government report Thursday
Mortgage rates reverse course, drop sharply (Bankrate.com via Yahoo! Finance) Mortgage rates dropped dramatically this week in an abrupt shift following a two-month rise, according to Bankrate's weekly survey.read more...
For 2008, Relief and Resolutions to Help Home Buyers This year added another phrase to the real estate lexicon: mortgage meltdown. read more...
Equity release will destroy house value THOUSANDS of vulnerable homeowners are being lured into high-risk equity release schemes that will destroy any value in their homes, according to a damning report published today.read more...
Putting off the Mortgage Pain, Until ... These two articles fit together - first, from the NY Times: Re-refinancing, and Putting Off Mortgage Pain It is the latest twist in the gravity-defying world of the high housing
Real Estate Weekly -- Feb. 10 The mortgage refinancing boom is long over. But that hasn't prevented thousands of homeowners from grabbing new mortgages and taking a lot of cash with them in process.read more...
“One possibility, we think, is that marginal home buyers, that is, people who think they may not get a mortgage at all or at least a mortgage on acceptable terms, are making multiple applications in order to boost their chances”
Mortgage applications rose last week for the fourth time in five weeks, although housing sales may languish as lenders make it more difficult to get loans approved, industry executives said. via USA Today
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