Minneapolis Federal Reserve President Narayana Kocherlakota said if his underlying inflation predictions hold true, it’s certainly possible that the central bank will have to raise the funds rate by more than a half percentage point by the end of this year.
Since most lenders base their loan rates on the Fed Rate this means that borrowers can expect to see increases of at least .5% but most likely more as lenders tend to cover their …
Fixed Rate Mortgages are starting to creep up a bit and this may have people thinking about purchasing a new home. Unfortunately for every person in a home that also means selling. Although in all areas of the US the market has not come to a complete halt low interest rates and wariness of banks mean it can be difficult to qualify for a new loan.
Fannie Mae says the 30-year fixed mortgage rose to …
A new housing report for March, 2011 was just released showing that there is a very large number of homes in the US that are vacant. Although there is normally a good number of homes somewhere around 7 to 10 percent that can be vacant for a short period of time and others that remain vacant for extended periods due to blighted neighborhood conditions this new report shows that the largest percentage of homes …
In an extremely weak market home sales for the third quarter of 2010 plunged over 30% on average and much higher in the south and southwestern states.
In all, 188,748 U.S. homes in some stage of foreclosure were sold in the July-September period, accounting for a quarter of all U.S. residential property sales.
This is after the Obama Administration reached out to many large banks and required a stop of new foreclosures. After that …
Today it seems every company you deal with wants to sell you some type of insurance for your car, computer, electronics and home.
When you purchased your home or when it was built new the builder most likely provided a free workmanship guaranty that also covered replacement of defective materials for the first couple years. Some items such as foundations or framing may be covered for up to 10 years and many of the individual …
Throwing a yard sale is not much more then emptying your home on to the driveway and throwing a BBQ while shoppers buy your stuff … unfortunately there is a little more to it then that if you want to get the most out of your stuff and keep in the good graces of your local officials.
Yes unfortunately due to a handful of new laws and possible home association rules the easy old …
Many buyers look for fixer uppers to save money but instead of a home that may need new appliances, fixtures or a paint job a Rehabilitation Purchase Loan is for home that need a major amount of work before they are habitable.
Finding a lender to loan you money on a rehab project can be difficult. Lenders at the time of writing this are faced with a large number of homes on their books that …
Owning a home today is more difficult then in the past. For most of us there is no such thing as job security our parents had and with that comes the inability to find good jobs that can cover all of your bills. If you are having financial problems that cause trouble with you repaying other bills you are likely wondering if you are at risk for foreclosure.
The following information comes partly from the …
If you are a Senior and own your home there is a relatively new home loan instrument that you may benefit from called a reverse mortgage.
Now when entering into any contract that can effect the largest investment most of us have our homes you want to do so with full knowledge of what you are getting yourself and your family into. For this reason we are requiring you to seek out and get advice …
A lot of people are very depressed about the home market right now but for people interested in flipping or just investing in real estate this is still a decent time to make money. Actually any time is always a good time to make money in real estate or any other business you just have to understand the basics of investment.
Any business person will tell you the main way to make money is to guarantee yourself a profit.
Real Estate investing …