Finance & Mortgage

  • Home Prices: 5 Questions You Must Ask Before Buying a U.S. Home

    October 09 2011 3:07 PM

    Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a slam-dunk no-brainer, and here are five factors to consider before buying a home.

  • 30-year Fixed Mortgage Rate at New Lows

    October 06 2011 1:21 PM

    The average 30-year fixed mortgage rate fell below 4 percent for the first time in history to 3.94 percent.

  • Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

    September 29 2011 12:30 PM

    Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?

  • Home price index hits record high in July

    September 28 2011 12:29 PM

    Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market.

  • Fannie/Freddie Regulator Challenges BofA MBS Pact

    August 31 2011 12:07 AM

    The regulator for Fannie Mae and Freddie Mac, as well as dozens of investors, on Tuesday lodged objections to Bank of America Corp's proposed $8.5 billion mortgage-backed securities settlement.

  • Obama Administration Considering Refinance Plan for Mortgages

    August 25 2011 10:34 AM

    The Obama administration is considering plans to allow millions of homeowners with government-backed mortgages to refinance at current interest rates.

  • U.S. Housing: Five Tips for Prospective Home Buyers

    August 18 2011 2:09 PM

    U.S. mortgage rates are falling to 50-year lows, even as existing home sales remains soft, with both stemming from uncertainty regarding the outlook for the U.S. economy. In this uncertain time, what should prospective home buyers do? Here are five tips that will help you make an informed home purchase decision.

  • HIA Seeks RBA Rate Cuts to Bolster Growth

    August 11 2011 8:03 PM

    Members of Australia's largest organization of residential builders--the Housing Industry Association--had sought the Reserve Bank's policy intervention to slash down benchmark lending rates to spur consumer confidence to spend more and allow more room for the industry to grow.

  • U.S. Home Mortgage Rates Fall Again - Good Time to Lock-in a Rate?

    August 11 2011 2:02 PM

    U.S. home mortgage interest rates fell again this week, and the average 30-year fixed rate is now at a low 4.19 percent -- which creates an opportunity for prospective home buyers with good credit histories.

  • Banks eroding lending standards: LJ Hooker

    August 10 2011 10:18 PM

    Fierce mortgage competition between the majors is seeing credit standards eroded, a lender has claimed.

  • Real Estate Industry Seeks Further Reprieve From High Cash Rates

    July 27 2011 8:12 PM

    Yesterday's higher-than-expected inflation figures have prompted a flurry of pleas from the housing industry to leave rates untouched.

  • Latest satellite images of China's Ghost Towns

    June 19 2011 6:15 AM

    New satellite pictures show skyscrapers townships completely empty in China that have been completely abandoned after construction.

  • Energy Savings: Cut Expenses Today!

    June 01 2011 11:34 AM

    With the cost of oil at over $100 per barrel, it is imperative to find ways to cut costs on utilities. This is true for not only homeowners, but business owners alike. One way of doing so is by performing an energy audit. There are firms that will review your current utility bills to identify the most cost effective solutions for your facility. Firms like New Source Energy Group, Inc.

  • Cut Your Taxes By Half!

    May 25 2011 12:23 PM

    Rental real estate can generate non-cash losses through depreciation of its building and improvements as well as accruing interest on mortgages it may have. If the property is owned by a limited partnership these losses are passed through to the individual partners in the partnership on their K-1.

  • Book Review: Home Seller's Guide to Tax Savings

    May 09 2011 9:39 AM

    Almost five years ago, in A New Book on Taxation of Residence Sales: Don't Leave Home Without It, I reviewed Julian Block’s HOME SELLER’S GUIDE TO TAX SAVINGS.”

  • Employment Growth Can Thank Housing Market

    May 06 2011 12:19 PM

    Though the unemployment rate did tick up to 9%, the U.S. economy had a net increase of 244,000 jobs in April.

  • Prince falls behind on mortgage, home now in foreclosure

    May 04 2011 5:59 PM

    World renowned musician Prince has reportedly fallen behind $368,382 on the mortgage to his former home in Chanhassen, Minnesota, which now faces a foreclosure auction.

  • South Florida Housing Market: Foreclosures Bring Boom

    April 22 2011 11:54 AM

    Due to unprecedented foreclosures and price declines, many investors are flocking to remove the area's massive glut of homes on the market.

  • China Housing Bubble: The Next Big Crash

    April 18 2011 4:04 PM

    This past Thursday, Moody's Investors Service downgraded China's property sector from stable to negative.

  • PORTUGAL BAILOUT: How Housing Will be Affected

    April 15 2011 12:23 PM

    Faced with its worst financial situation in over 30 years, Portugal avoided default on Friday by paying off maturing 2005 bonds.