Ouch! Those 6 million mortgages that are over due consist of mortgages that are 30 days or more overdue, and those already in foreclosure. If that number frightens you – it should – but not as much as you first think. When you look at year over year numbers, the number of these homes is …
The rates continue to go into the bottom of the trough, as mortgage rates on 3o year mortgages are once again setting all time new lows. Average on the 30-year home loan slides to 3.87 percent from 3.98 percent These are the lowest levels since recording of these statistics begain in the 1950s. Even 15 …
When it comes to money and money issues, the paradigm of our thinking is a combination of all the different situations and advice we received growing up. This also contributes to the emotional ups and downs we feel whenever we make and spend money. When a person ‘walks away’ from their home and chooses not …
Did you see our article yesterday where we stated that U.S. housing was literally on sale? Well here is some more proof that it actually is. Courtesy of Bloomberg, we find out that HUGE pools of money are now in the front of the line to purchase foreclosed homes, and turn them into rental propeties. …
The Federal Housing Finance Agency (FHFA)…issued a notice to investors interested in buying government-owned REOs in bulk for use as rental properties, encouraging them to register with Fannie Mae in order to pre-qualify as an eligible bidder. What does this mean? In simple terms, it means pool all the money you can and get in …
Is this the most bold statement you have seen about the ending of the housing crisis? It is if you have a 700 credit rating. That is the average personal credit rating that people require to attain a mortgage. If you have this in place, than the banks are willing to, on average, lend you …
If you thought, even for a solitary second, that Americans’ attitude toward owning a home was going to change amid all of the turmoil that has been the last 3 years – you thought wrong. A survey conducted by the National Association of Homebuilders came to the unanimous decision – that owning a home is …
We are glad to say that the good news is finally starting to pile on, and that a real movement in the housing market can be felt. Are you a cap rate investor? Then you will have noticed that cap rates have decreased significantly over the last year. Looking to purchase a home in Florida …
It has become very easy to be gunshy on grabbing opportunities that currently exist in the U.S. real estate market, given that every time we hear the possibility of good news or a turnaround, it always seems to be dampered with some kind of negative news. So where do we stand now? 2011 ended the …
Potential home owners should be jumping for joy. Not only are home prices at all time lows, but so are the mortgage rates, meaning that affordability has risen dramatically. Historically, variable mortgage rates have typically been lower than fixed rates, however, the long term rates have come down so much that it is worth a …