Memo to the media: Everyone who is defaulting on a home mortgage is not necessarily a victim.
So begins an editors from this week’s Washington Post. Here are more highlights from it…
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Damage from the nation’s housing market is evident throughout the economy and has permeated financial markets. Now, add real estate agents to the growing list of victims, though few tears will be shed for them.
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Rates on 30-year mortgages sank this week to their lowest point since late May, providing a ray of hope for prospective home buyers.
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As with twisters and hurricanes, West Virginia appears to be sheltered from the eye of the storm buffeting the nation’s mortgage markets.
But that doesn’t mean it won’t get rained on.
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Sales of new homes in the Denver housing market were down more than one-third in the first half of the year from the first six months of 2006, as the market heads for a 13-year low in sales activity.
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For many adjustable-rate mortgage holders, now is the ideal time to refinance. This makes sense, given how high rates could soar in the future.
But consider the following pitfalls before you make such a decision…
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Life in the Central Oregon real estate market is a double-edged sword this summer.
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The flood of foreclosure filings showed no sign of let-up last month, according to the latest data from RealtyTrac, the online marketer of foreclosure properties.
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Applications for home mortgages fell last week for the first time in three weeks, impacted by a sharp drop in demand for both home purchase loans and refinancing, an industry group said.
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The nation’s sluggish housing market isn’t evident in Grain Valley, Missouri.
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