CAR voices frustration at FHFA’s refusal to increase conforming loan limits

CAR President Ziggy Zicarelli stressed the association’s disappointed with the FHFA’s decision not to raise conforming loan limits for 2016 in a statement issued to the press this week

Worried about a housing bubble? Here’s 5 reasons why you shouldn’t be

What with home prices now soaring above what they were in the bubble era, concerns are being raised that history might be about to repeat itself.

5 Mortgage Tips for First-Time Home Buyers

Buying a house entails a ton of work. It is a serious commitment that merits a great deal of planning and preparation to ensure that all aspects are precisely what, where, and how they should be.

Home sales improve, but first-time buyers still struggle

Next year will be a big one for the residential real estate industry with home sales increasing to 5.5 million units, up from 5.3 million units this year, according to the National Association of Realtor’s Chief Economist Lawrence Yun.

New Mortgage Loan Disclosure Rules Have Rough Beginning

New mortgage disclosure rules that were slated to come into effect in August were postponed until early October because the industry wasn’t ready. The rules did take effect in early October. As we enter the middle of November, mortgages written in early October are beginning to close. The biggest change is the “Know Before You […]

RealtyTrac reports biggest foreclosure spike in 4 years

The number of homes in foreclosure rose significantly, posting its largest month-over-month increase since August 2011, according to new data from RealtyTrac.

Average US Rate on 30-Year Mortgage Slips to 3.76 Percent

The average rates on 30-year mortgage loans in the US have decreased to 3.76 percent, down from 3.79 a week earlier. The rates were a little lower due to the expectations that the Feds will not increase its rates on short-term loans in the near future.

US Senators Call for Action Against Zombie Foreclosures

US senators Cory Booker and Bob Menendez have requested the housing and banking leaders through a letter take action against zombie foreclosure that is plaguing the real estate market, DS News reported.

1/4 of first-time buyers seek down payment assistance

With younger buyers increasingly finding themselves locked out of the real estate market by rising prices that make it difficult to save for a down payment, many are turning to mom and dad.

Freddie Mac reports falling mortgage rates

New Primary Mortgage Market Survey data from Freddie Mac shows that mortgage rates continue to trend at a lower rate due to declining Treasury yields.