A ladder and circular saw are two tools I needed when screening in this porch. Image: Courtney Craig for HouseLogic
Optimism grows around home ownership, though some first-timers struggle to compete in the housing market. Plus, two senators put forth a bill to encourage more refis.
A new bill offers important baby steps toward helping underwater home owners refinance their mortgages, first-time buyers compete for purchases as markets heat up, Americans are optimistic about housing, and housing starts to tick up. This and more in our Friday Five housing news roundup.
Home ownership dream still alive and well despite some regulatory uncertainty in Congress, including the fate of a short sale tax break.
Five years after the housing bust, voters still embrace home ownership. Plus, the stigma of buying foreclosures fades as more people take advantage of low prices at a time when the mortgage rate is at an all-time low. This and more in our roundup of the week’s top housing headlines.
Home sales rise, foreclosures fall, and the latest national flood insurance deadline looms.
In our Friday Five roundup of top housing news, we look at a return to traditional home sales: With rents on the rise across the country, many are taking advantage of low prices and short sale opportunities to trade in their lease for a mortgage. Also this week, we begin the countdown for national flood insurance reauthorization, which is set to expire at the end of May 2012.
If you’ve been wondering if you should be renting rather than owning, consider this expert’s view.
Buyers of High-Priced Homes in a Bind
September 7, 2011
By Julie Schmit, USA TODAY
Time is short for some buyers and owners of more expensive homes to get the best terms on mortgage loans.
Starting Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. That will force many future borrowers into more expensive and harder-to-get jumbo loans.
30-Year Fixed Mortgage Rate Hits Record Low
August 25, 2011
Mortgage rates posted mixed results this week, but the benchmark conforming 30-year fixed mortgage rates fell to a record low of 4.41%, according to Bankrate.com. The average 30-year fixed mortgage has an average of 0.43 discount and origination points. The previous record low of 4.42% was set in October and November of 2010.
7 Things to Consider Before Buying a Fixer-Upper
Renovating a fixer-upper house is often harder than it seems. Here are seven things to keep in mind before you invest in a money pit.
Mortgage Rates Dip Further
August 18, 2011
Mortgage rates declined for a third straight week, with the benchmark conforming 30-year fixed mortgage rate now 4.45%, with 0.45 discount and origination points, according to Bankrate.com. The record low of 4.42% was set in October and November of 2010.
Mortgage Rates Plunge to 9-Month Low
August 4, 2011
Renewed economic worries had mortgage rates falling sharply, with the benchmark conforming 30-year fixed mortgage rate now 4.54%, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.