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Home mortgage rates and real estate news - CNNMoney.com
© 2011 Cable News Network LP, LLLP.
Tue, 25 Oct 2011 12:07:33 EDT
© 2011 Cable News Network LP, LLLP.
Tue, 25 Oct 2011 12:07:33 EDT
Home prices rise for 5th straight month
Posted: Tue, 25 Oct 2011 10:27:02 EDT
Home prices continued a winning streak in August, the fifth straight month of price gains, but remain lower on a year-over-year basis.
Troubled homeowners get a lifeline
Posted: Mon, 24 Oct 2011 18:05:29 EDT
President Obama will announce changes in the government's Home Affordable Refinance Program (HARP) on Monday, making it easier for homeowners to capitalize on current low-interest rates by refinancing their old, high-interest mortgages.
Refinancing plan won't help housing market
Posted: Mon, 24 Oct 2011 19:39:38 EDT
It might get easier for some homeowners to refinance their mortgages, but that won't do much to help the broader housing market.
Six-figure salaries, but homeless
Posted: Fri, 21 Oct 2011 19:30:53 EDT
They're pulling in fat paychecks, but now they're also homeless.
After Gadhafi, N.J. may be Libyans' welcome home
Posted: Fri, 21 Oct 2011 17:07:10 EDT
When Libya first bought a 25-room, 1906 mansion in suburban New Jersey, the community was in an uproar.
The 4% mortgage - good luck getting one
Posted: Wed, 19 Oct 2011 10:10:21 EDT
A 4% mortgage sounds too good to be true -- and for more than 90% of borrowers, it is.
Foreign buyers scooping up U.S. homes
Posted: Fri, 21 Oct 2011 05:26:24 EDT
Hey, wealthy foreigners! Want to live in the U.S.? Buy a home here.
Foreclosures continue to plague housing market
Posted: Thu, 13 Oct 2011 05:46:05 EDT
Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.
Home ownership: Biggest drop since Great Depression
Posted: Fri, 07 Oct 2011 07:26:40 EDT
The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census Bureau.
30-year mortgage rates fall below 4%
Posted: Thu, 06 Oct 2011 12:10:58 EDT
Mortgage rates have never been cheaper, with the 30-year rate falling below 4% for the first time in history.
Foreclosure backlog deepens
Posted: Wed, 05 Oct 2011 13:17:32 EDT
As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments.
Average Manhattan home costs $1.4 million
Posted: Tue, 04 Oct 2011 05:46:08 EDT
Taking advantage of a weak U.S. dollar and a beaten down housing market, foreign buyers helped push Manhattan home prices slightly higher in the third quarter, according to the city's top residential real estate agents.
Fannie Mae ignored foreclosure abuses
Posted: Tue, 04 Oct 2011 14:36:48 EDT
Fannie Mae, the government-controlled mortgage giant, ignored indications that attorneys it hired to handle defaults were abusing the foreclosure process, according to a report from the inspector general for the Federal Housing Finance Agency (FHFA), the agency that oversees Fannie.
Mortgage help for unemployed disappears
Posted: Mon, 03 Oct 2011 05:49:00 EDT
The federal government can't even give money away to help the unemployed pay their mortgage.
To fix the economy, first fix the housing market.
Posted: Mon, 03 Oct 2011 13:28:52 EDT
Is this a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification program. A few months later the bank told him that his application for a government-assisted refinancing rate had been turned down -- his house was too far underwater. He had bought it during the boom for $220,000, putting down $30,000, and then spent another $45,000 doing it up. Now it's worth about $100,000. Once his monthly payments were set to go back up (his mortgage rate is 6.5%), my friend stopped paying them and waited for the foreclosure and eviction notices to arrive. A year and a half later he is still inhabiting his own home and watching the mail.
Posted: Tue, 25 Oct 2011 10:27:02 EDT
Home prices continued a winning streak in August, the fifth straight month of price gains, but remain lower on a year-over-year basis.
Troubled homeowners get a lifeline
Posted: Mon, 24 Oct 2011 18:05:29 EDT
President Obama will announce changes in the government's Home Affordable Refinance Program (HARP) on Monday, making it easier for homeowners to capitalize on current low-interest rates by refinancing their old, high-interest mortgages.
Refinancing plan won't help housing market
Posted: Mon, 24 Oct 2011 19:39:38 EDT
It might get easier for some homeowners to refinance their mortgages, but that won't do much to help the broader housing market.
Six-figure salaries, but homeless
Posted: Fri, 21 Oct 2011 19:30:53 EDT
They're pulling in fat paychecks, but now they're also homeless.
After Gadhafi, N.J. may be Libyans' welcome home
Posted: Fri, 21 Oct 2011 17:07:10 EDT
When Libya first bought a 25-room, 1906 mansion in suburban New Jersey, the community was in an uproar.
The 4% mortgage - good luck getting one
Posted: Wed, 19 Oct 2011 10:10:21 EDT
A 4% mortgage sounds too good to be true -- and for more than 90% of borrowers, it is.
Foreign buyers scooping up U.S. homes
Posted: Fri, 21 Oct 2011 05:26:24 EDT
Hey, wealthy foreigners! Want to live in the U.S.? Buy a home here.
Foreclosures continue to plague housing market
Posted: Thu, 13 Oct 2011 05:46:05 EDT
Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.
Home ownership: Biggest drop since Great Depression
Posted: Fri, 07 Oct 2011 07:26:40 EDT
The percentage of Americans who owned their homes has seen its biggest decline since the Great Depression, according to the U.S. Census Bureau.
30-year mortgage rates fall below 4%
Posted: Thu, 06 Oct 2011 12:10:58 EDT
Mortgage rates have never been cheaper, with the 30-year rate falling below 4% for the first time in history.
Foreclosure backlog deepens
Posted: Wed, 05 Oct 2011 13:17:32 EDT
As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments.
Average Manhattan home costs $1.4 million
Posted: Tue, 04 Oct 2011 05:46:08 EDT
Taking advantage of a weak U.S. dollar and a beaten down housing market, foreign buyers helped push Manhattan home prices slightly higher in the third quarter, according to the city's top residential real estate agents.
Fannie Mae ignored foreclosure abuses
Posted: Tue, 04 Oct 2011 14:36:48 EDT
Fannie Mae, the government-controlled mortgage giant, ignored indications that attorneys it hired to handle defaults were abusing the foreclosure process, according to a report from the inspector general for the Federal Housing Finance Agency (FHFA), the agency that oversees Fannie.
Mortgage help for unemployed disappears
Posted: Mon, 03 Oct 2011 05:49:00 EDT
The federal government can't even give money away to help the unemployed pay their mortgage.
To fix the economy, first fix the housing market.
Posted: Mon, 03 Oct 2011 13:28:52 EDT
Is this a great country or what? At the start of last year, a friend of mine, the proprietor of a small business that has suffered badly in the recession, entered a trial mortgage-modification program. A few months later the bank told him that his application for a government-assisted refinancing rate had been turned down -- his house was too far underwater. He had bought it during the boom for $220,000, putting down $30,000, and then spent another $45,000 doing it up. Now it's worth about $100,000. Once his monthly payments were set to go back up (his mortgage rate is 6.5%), my friend stopped paying them and waited for the foreclosure and eviction notices to arrive. A year and a half later he is still inhabiting his own home and watching the mail.
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