The Experts You Can Trust
According to Zillow‘s second quarter Real Estate Market Report, home values in the U.S. have reached a bottom. The Zillow report shows that U.S. home values increased by 0.2% year-over-year to $149,300, the first time since 2007 that this happened – five years after the U.S. housing bubble burst. Home values have also increased for …
Over three million older Americans are at risk of losing their homes through foreclosure, this according to the study “Nightmare on Main Street: Older Americans and the Mortgage Market Crisis” conducted by the AARP Public Policy Institute. The AARP Public Policy Institute study measures the progression of the mortgage crisis and its effect on older …
Millions of Older Americans at Risk of Losing their Homes to Foreclosure Read More »
CoreLogic reports that out of 1,353,647 mortgages in Maryland, 335,285 or 24.8% were negative equity mortgages or underwater in the first quarter of 2012. This data is an improvement from the 365,000 in the 4th quarter of 2011. In the first quarter of 2012, therefore, one in four borrowers in Maryland owed more on their …
Fewer Underwater Homeowners in Maryland in Q1 2012 – CoreLogic Reports Read More »
U.S. mortgage servicers and lenders are notifying more delinquent homeowners that they are facing foreclosure, this according to RealtyTrac’s Midyear 2012 Foreclosure Market Report. RealtyTrac reported that foreclosure process has been started in the second quarter of this year in 311,010 U.S. housing units. According to RealtyTrac, this is a 9% rise from the preceding …
New Foreclosures Rise to 9% in 2nd Quarter of 2012 – RealtyTrac Reports Read More »
Freddie Mac’s latest Primary Mortgage Market Survey shows that the average U.S. 30-year fixed-rate mortgage is at record-low 3.66%. Freddie Mac, in its June 28 announcement, added that the 15-year fixed-rate mortgage is also at record-low 2.94%. A year ago, the 30-year fixed-rate mortgage averaged at 4.51%; while the 15-year fixed-rate mortgage last year averaged …
Mortgage Rates for 30-Year Loans at Record-Low 3.66% Read More »