The Experts You Can Trust
Thirty-one percent or close to 16 million homeowners in the U.S. were underwater on their mortgage during the first three months of this year, this according to Zillow. Zillow reported that the typical U.S. mortgage borrowers owe $75,644 more or 44.5% more on what their house is worth. Despite the fact that one third of …
One Third of U.S. Mortgage Borrowers still Underwater Read More »
“If your finances can support it, now appears to be a great time to buy,” this according to Time Moneyland. “For Americans who either have cash to buy or a credit score good enough to obtain a mortgage, there’s still time to get a killer deal on real estate …,” Martha White of Time Moneyland …
As the spring market continues to unwind PG County is continuing to see positive signs in terms of the housing market. April #’s continue to show signs that market stabilization may be near. The big unkown is the so called “shadow inventory” of foreclosures and how this will affect the supply of foreclosures. Statistic Values …
Prince George’s County Market Update (April 2012) Read More »
Lender Processing Services, Inc. (LPS), a provider of data and analytics to the mortgage and real estate industries, recently released its March “Mortgage Monitor” report showing foreclosure sales at its lowest since December 2010. LPS data shows that foreclosure sales in March totaled 67,890, down by 8.5% on a monthly basis. The report of LPS …
March Foreclosure Sales Lowest Since December 2010, LPS Reports Read More »
Freddie Mac released last Thursday its “Primary Mortgage Market Survey” showing that fixed mortgage rates hit new all-time record lows — signaling that homebuying affordability is high. The 30-year fixed mortgage rate averaged at 3.84 %, down from the prior all-time record low of 3.87% recorded on February 9, 2012. The 15-year fixed mortgage rate …