News: National Home Loan Demands Up As Tax Credit Ends
The demand for home mortgages to buy U.S. homes climbed to a seven month high in the final send-off for the federal home-buyer tax credits that ended April 30, 2010 as (more…)
News: Pending Home Mortgage Sales Drop 7.6 Percent
Recent statistics from the Pending Home Sales Index of the National Association of Realtors (NAR), said according to contracts signed in January, the number had dropped 7.6 percent from a reading of 97.8 in December to to 90.4 at present.
This is 12.3 percent higher than (more…)
News: Mortgage Rates to Rise Is Not “New” News
The Fed is planning to end its plans to finish purchasing approximately $1.25 trillion in mortgage-backed securities.
And although they have been doing this since late 2008, this announced ‘cease-and-desist’ could (more…)
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