News: Jumbo Loans May Be the Next Ordeal Negatively Affecting Our Economy
Jumbo mortgages are home loans with an initial principal amount of over $417,000 in most areas of the U.S. Other areas may be as high as $729,750. In either case, it (more…)
News: Large Number of Borrowers Unable to Refinance at Lower Interest Rates
The numbers involving homeowners not being able to refinance their mortgage are higher than most analysts expected.
Approximately 37 percent or better than 1 out of 3 borrowers with 30-year fixed rate mortgages pay (more…)
News: Home Tax Buyer Credit May Not Be Doing Enough for Real Estate Sales
The country has been arguably experiencing the highest unemployment rate since the Great Depression of 1929.
So, with unemployment at around 10%, analysts hoped that the home buyer’s tax credit bailout plan (more…)
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