Rising Mortgage Rates To Boost Housing?



With the economy finally showing signs of recovery from years of stagnation, mortgage rates have been slowly picking up too. Last week, the 30-year fixed rate mortgage climbed to its highest level in almost six months, reaching 3.63% on average according to the latest figures from Freddie Mac.

The $26 Billion Foreclosure Settlement: Who Won? Who Lost?



A consortium of the Department of Justice and the Attorneys General of every state other than Oklahoma recently announced a $26 billion settlement with the five largest new mortgage and home mortgage refinance lenders to settle claims related to improper foreclosures. Although it has been hailed as a significant victory for consumers and has been compared to the landmark $206 billion 1998 tobacco settlement, the details of the agreement paint a different picture.

Sign up Now and get our guide on Facebook for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Facebook marketing for Real Estate professionals for free