WASHINGTON - Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years.
Freddie Mac, the mortgage company, reported Thursday that 30-...Click here to read the full story.
New home sales rise slightly
WASHINGTON - Sales of new single-family U.S. homes rose 1.7 percent in October from a September level that was revised down sharply while the median sales price plunged, according to a government repo...Click here to read the full story.
America's big, fat housing inventory
Houston, you have a problem � with housing inventory. And as the number of homes for sale in the country continues to creep upward thanks to waning demand, many other major U.S. cities are dealing wit...Click here to read the full story.
Hard times costing many people their homes
ROCHESTER HILLS, Mich. - At 14, Joan Cyman hauled wood and clutched a hammer with her father to build a deck on the back of their house.
It was one of many projects to turn the already attractive f...Click here to read the full story.
Home sales rebound
WASHINGTON - Sales of new homes posted an unexpected gain in September although the improvement came after sales had fallen to the slowest pace in more than a decade.
The Commerce Department report...Click here to read the full story.
Mortgages rates up after 3 weeks of declines
WASHINGTON - Rates on 30-year mortgages edged up slightly this week after falling for three straight weeks.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages a...Click here to read the full story.
Buffett could buy parts of Countrywide
NEW YORK - Billionaire investor Warren Buffett may buy parts of beleaguered mortgage lender Countrywide Financial Corp, some investors are speculating, according to The Wall Street Journal.
Country...Click here to read the full story.
Congress seeks to halt rising foreclosures
With fresh data showing home foreclosures on the rise, lawmakers on Capitol Hill are considering various measures to restore a mortgage market now in disarray. Some are suggesting that lenders and bor...Click here to read the full story.
No major mortgage reform coming this year
WASHINGTON - Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn�t count on help from Washington this year.
Regulators and lawmakers seem to be taking a wait-and-see appr...Click here to read the full story.
Where housing will bounce back.
When it comes to real estate, the questions on everyone's lips are: How low is low, and when's the perfect time to buy back in?
That moment has passed in Seattle and Charlotte � both metros hit bo...Click here to read the full story.
