Just when one sector of the economy seems to be moving forward, it is yanked back into the abyss by the others. Dennis Lockhart, president of Atlanta Federal Reserve Bank, commented on the situation last week. He reported that job creation is proving difficult due to the decline in new business formation, which is partially [...]
Read More...Archive for the mortgages Category
Real Estate Credit New Business One Big Circle Of Disaster
By JCoxen on Tuesday, November 22nd, 2011 | No Comments
Housing Prices On The Decline Once Again
By JCoxen on Monday, November 14th, 2011 | No Comments
Summer was good, in relative terms, for housing prices. However, the change of seasons has caused more than leaves to fall. In September, for the second consecutive month, housing prices decreased 1.1 percent from the prior month, according to real estate research firm CoreLogic. Unsold home inventory increased due to a fresh round of foreclosures, [...]
Read More...30-Year Mortgages Fall Below Four Percent, Breaking A Record
By JCoxen on Wednesday, October 19th, 2011 | No Comments
For the first time in history, the average interest rate for a 30-year fixed mortgage is lower than four percent. This presents a rare chance for people with stable finances and good jobs to save thousands of dollars on home financing. For those up to their ears in payday loans or saddled with bad credit [...]
Read More...Using The Housing Market To Better The Economy
By JCoxen on Monday, August 1st, 2011 | 5 Comments
The housing market continues to drag down the American economy. New construction and home sales are usually doing the opposite at this stage of an economic recovery. President Obama hoped that once the economy began improving, housing would follow. Instead, it seems the government must address housing in order to give the economy a positive [...]
Read More...Top Reasons Consumers Cannot Secure Mortgage Loans
By JCoxen on Thursday, July 28th, 2011 | No Comments
With housing prices low and inventory huge, home loans should be closing like crazy. However, loan officers are reporting that this is not the case. In fact, they say that home loans are becoming more difficult to close. These days, it seems it is a lot easier to get bad credit auto financing than a [...]
Read More...Bad Credit Not Affecting Former Homeowners
By JCoxen on Monday, July 25th, 2011 | No Comments
Millions of people fall into the classification of “former homeowner,” once having owned a residence that has since gone into foreclosure. When these folks begin searching for a new place to live, one would think the foreclosure would make things difficult. According to the residential rental industry, this is not the case. Landlords are becoming [...]
Read More...Cash Incentives For Homeowners To Pay Mortgages
By JCoxen on Thursday, July 14th, 2011 | No Comments
Investors and banks are doing everything they can to keep borrowers current on home mortgages. Home values are falling and more people are finding themselves in a position of negative equity regarding home loans. Until now, lenders have made delinquent borrowers their focus but things seem to be changing. Loan modifications and alternatives to foreclosure [...]
Read More...U.S. Housing Market Gets Help From Investors
By JCoxen on Friday, July 8th, 2011 | No Comments
Though investors are often blamed for driving up prices that led to both the housing boom and subsequent crash in the U.S., the market is now welcoming them. Investors are providing crucial support to this struggling sector. Banks burned by the financial crisis are making things difficult for traditional buyers. This creates an open playing [...]
Read More...Why Are Home Prices Are Not Climbing
By JCoxen on Monday, June 13th, 2011 | 2 Comments
Though the financial crisis as a whole seems to have subsided, the housing market continues to struggle. When the housing bubble burst, it was a memorable event. To this day, its impact is still being felt. Though housing prices have stabilized, experts do not expect notable gains any time soon, for several reasons. Unemployment seems [...]
Read More...Free Reports
-
