Mortgage Rates Head Higher on Positive Economic Data

Mortgage Rates Head Higher on Positive Economic Data Rates for all mortgage loan products headed higher this week as positive employment indicators rolled in, with job growth over the last six months the strongest it’s been since 2006. That, coupled with the Greek debt restructuring on the international front and the results of the Federal …

Continue reading ‘Mortgage Rates Head Higher on Positive Economic Data’ »

Four steps to buying a house in 2012

Q: I am on a mission to buy a home. I’ve wanted to own a home my entire life, and thought I would miss the opportunity to buy while the market was down, because I had no real savings when the market crashed. I think I’m ready, though, and prices still seem low. What should …

Continue reading ‘Four steps to buying a house in 2012’ »

Mortgage Rates Reverse Course

Freddie Mac reported Thursday that mortgage interest rates have done a 180 and are now starting to climb, buoyed by positive housing data over recent weeks which show the market ended 2011 on a high note. Still, interest rates on home loans remain extremely low by historical standards. For the week ending January 26, the …

Continue reading ‘Mortgage Rates Reverse Course’ »

Home Prices Down in 2011, but Market Stability Forecast for 2012

While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital. Should the valuation company’s predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital …

Continue reading ‘Home Prices Down in 2011, but Market Stability Forecast for 2012’ »