Adjustable-rate mortgages are making a comeback, which could be a problem for household budgets in a rising market. By Mitchell D. Weiss The financial services industry is on the verge of an awesome hat trick with regard to residential mortgages. For the uninitiated, hat trick is sports-speak for three goals that are scored by the…
(MCT)—Back-to-school shopping has started, and for college students, that means figuring out how to pay for at least one big expense: textbooks.
“Low interest rates are a positive for REITs because they really offer investors an attractive yield alternative relative to Treasurys or fixed income and you have a growth characteristic to that dividend yield that will go up and increase versus kind of a fixed return over a period of time.”
Improvement, however, does not mean the level of distressed housing is back to normal; not by a long shot. There continues to be a wide discrepancy between states that require a judge in the foreclosure process and those that do not.
WASHINGTON — U.S. home prices rose in May compared with a year earlier, but the gains have slowed.
WASHINGTON — The Obama administration is extending for another year a program aimed at helping people struggling to avoid foreclosure on their homes, Treasury Secretary Jacob Lew said Thursday.
Average U.S. rates on fixed mortgages declined this week, hovering near historically low levels.
The expensive vacations your family typically takes rarely leave you feeling as happy as you’d hoped, and they put a terrible squeeze on your bank account. For the sake of your fulfillment and your finances, you’re willing to try to cut expenses this year…but where to start?
NEW YORK — Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said Wednesday.
(MCT)—This might be the year in which U.S. housing markets return to normal, judging by real estate industry statements and predictions. But what exactly is “normal” in housing, and how close are local markets to that standard?
WASHINGTON — Sales of new U.S. single-family homes jumped to a six-year high in May, the latest indication the housing market was starting to dig out of a recent soft patch.
Whenever we write about how much it costs to go to college, we hear from a lot of readers.
WASHINGTON — Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May, providing hope that housing is beginning to regain momentum lost over the past year.
U.S. housing starts and building permits fell more than expected in May, suggesting the housing recovery will likely remain slow for a while.
U.S. homebuilders are feeling more confident about the housing market but don’t think it is healthy yet. The National Association of Home Builders/Wells Fargo builder sentiment index rose to 49 in June, highest since January and up from 45 in May. Readings below 50 indicate that builders view sales conditions are poor rather than good.
The Mortgage Bankers Association reports that only about 1 of every 10 home mortgages being written today carries an adjustable interest rate. A combination of negative press on adjustable-rate mortgages and a widespread belief that interest rates are bound to start rising in the near future has induced extreme caution among borrowers
WASHINGTON — Average U.S. rates on fixed mortgages rose this week for a second straight week but remained near historic lows.
Late spring is the season for high school and college graduations. It is a time of transition for millions of young people and a time of celebration and hope and promise. Yet the lingering effects of the Great Recession, notably the difficult jobs en…
Dallas is losing its competitive edge against the rest of the nation as more builders refuse to build houses that will be sold for less than a quarter of a million dollars.