What a 0% mortgage rate would mean for housing

U.S. President Donald Trump last week called on the Federal Reserve to drop its key interest rate to zero, or even negative, when it convenes its next meeting later this month. The call has sparked discussion among real estate experts on how zero interest rates would impact the housing market. The obvious impact is that

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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.

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