Yes, mortgage interest rates on 30-year fixed-rate mortgages have risen to an average of 5.25 percent. You’d think the world was ending.… Continue Reading
Yes, mortgage interest rates on 30-year fixed-rate mortgages have risen to an average of 5.25 percent. You’d think the world was ending.… Continue Reading
Here in Florida millions of families have homes and mortgages but that number is sharply decreasing. The housing boom has cooled and now many can’t seem to afford the houses that were once their dream homes. In August of this year alone there were 16,533 closures in Florida and it doesn’t look like this problem… Continue Reading
Everyone has been predicting the real estate bubble bust but surprisingly the price of new homes is rising instead of falling. This number was shown in May and managed to surprise even those in the business. The Commerce Department reported that sales of new single-family homes increased by 4.6 percent in May to a seasonally… Continue Reading
I saw a story the other night (which you can veiw by goint here and clicking on “Housing Hangover”) about the number of forclosures going up because people with adjustable rate mortgages now can’t pay their mortgages. Adjustable rate mortgages typically have a lower interest rate than fixed rate mortgages for an introductory period. I… Continue Reading
Recently, we found a need to do some work on our house. Our roof had a leak, and the guys we had come take a look at it said they wouldn’t touch it without putting a whole new roof on. That, combined with a desire to lock in a fixed rate on our mortgage and… Continue Reading
Mortgage Updates brings you the very latest news from the mortgage and home loan industry. This is yet another weblog brought to you by Niner Niner. Niner Niner is a collaborative media company that pays you, yes you, to blog about your favorite topics! If you’re interested in mortgages and would like to write for… Continue Reading