Thinking About the Housing Problem in Detail April 30th, 2008 by BRIDGET MAGNUS Let’s imagine a nice little community of 400 homes. It’s a perfectly average American community, and it could be anywhere: in town, in the ‘burbs, in the countryside. Thanks to the often-cited statistic that 68% of Americans own their homes, we can deduce that perhaps as many as 32% are rental homes, or 128. However, we are going to assume there is an apartment complex down the road, and that only a third of tha

More: continued here

Posted in Home, Loans, Mortgage | Comments Off

More: continued here

The Federal Reserve cut the key interest rate by a quarter point. This marks the 7th cut this year by the central bank. The question of course is what does this mean for you? Credit Cards: Now is a good time to ask your credit card company for lower rates or simply shop for better ones. Auto Loans: The loans have certainly been coming down lately but beware of extending that loan to far lest you pay out oodles of interest. Student Loans: If you have a variable rate on your student loan, yo

More: continued here

I don’t have to pay my mortgage until July, thanks to the way the paydown on the loan will go, and all. Woo! Question for the more intelligents of those of you** out there who might’ve dealt with this sorta thing in the past, though: I currently hold the title on my home in just my name, seeing as I bought it before I met Leo and married him. It would be my preference to not involve in him any way on something that might effect credit, as he’s still working on establishing and building better

More: continued here

Agire Mortgage Corporation, a full service mortgage advisory and solution provider, today announced two new hires at the company as it continues to expand its presence and footprint in the mortgage industry. James Frischling has joined the company as Co-President and will run the newly formed New York office. Mr.

More: continued here

WASHINGTON, April 30 (UPI) — The Mortgage Bankers Association’s leading index of mortgage activity fell in the week ending April 25, the association said Wednesday.

More: continued here

Mortgage Bankers Association’s weekly application survey says volume fell 11.1% during the week ending April 25.

More: continued here

The Mortgage Bankers Association’s leading index of mortgage activity fell in the week ending April 25, the association said Wednesday.The Purchase Index dropped 4.8 percent to 340.1, indicating continued erosion of the housing market.The Refinancing Index declined sharply, down 16.7 percent to 1,906.2 from last week’s level of 2,286.3, the report said.Refinancing on the week accounted for 45.7 …

More: continued here

Mortgage application volume fell 11.1 percent during the week ending April 25, according to the Mortgage Bankers Association’s weekly application survey.

More: continued here

Mortgage applications reached their lowest level yet this year, as borrowers stayed away from the both purchases and refinancing activity amid relatively steady mortgage rates. According to a widely-watched survey released Wednesday morning by the Mortgage Bankers Association, the group’s Market Composite Index fell 11.1 percent to 567.0 for the week ended April 25. Total applications were 14.2 percent below last year’s levels, the MBA said. The application index is calibrated to March 16, 199

More: continued here