Category: News from the Web

What voters are saying in this Florida city crushed by foreclosures

What voters are saying in this Florida city crushed by foreclosures

Voters going to the polls in Port St. Lucie, Florida, where 1 in 5 mortgages are still underwater, have their pocketbooks top of mind.

The All White Room. It’s a Trap!

The All White Room. It’s a Trap!

By Justin M. Riordan, Spade and Archer Design Agency So… you’ve been seeing all those great staging projects, magazine covers, and television living rooms that look so pretty because they are all white. White sofas and white walls and white floors and white pillows and white tables … all white. And now you are thinking about […]

Mortgage Rates Little-Changed Despite Big Events

Mortgage Rates Little-Changed Despite Big Events

Mortgage rates went on vacation this week, moving almost too little to measure, AND in opposite directions each day. The net effect is a Friday afternoon rate landscape that looks exactly like last Friday’s with most lenders quoting 3.625% on top tier …

How housing would fare under Clinton, Trump

How housing would fare under Clinton, Trump

For an election supposedly based on the economy, housing policy has been egregiously absent from the rhetoric. Here’s what we do know.

Mortgage applications drop 1.2% on highest rates since June

Mortgage applications drop 1.2% on highest rates since June

The story is all too familiar in housing: Mortgage interest rates rise, and homebuyers and refinancers retreat.

Homeowners twice as house rich as five years ago

Homeowners twice as house rich as five years ago

The amount of equity homeowners now have has doubled in the last five years, according to CoreLogic.

All the single ladies are shaking up this real estate market

All the single ladies are shaking up this real estate market

In the past year, single women made up 17 percent of all homebuyers, purchasing at twice the rate of single men.

Rates Spike to 5-Month Highs

Rates Spike to 5-Month Highs

Mortgage rates spiked this week, moving to the highest levels in nearly 5 months. 3.625% remains the most prevalently-quoted conventional 30yr-fixed rate on top tier scenarios, but with higher closing costs vs last week. Some lenders moved up from 3.5%…

Homeownership crawls back up from 50-year low

Homeownership crawls back up from 50-year low

After falling to the lowest level in 50 years, the U.S. homeownership rate bounced up slightly in the third quarter of this year.