The Obama administration is considering plans to allow millions of homeowners with government-backed mortgages to refinance at current interest rates.
If U.S. Federal Reserve Chairman Ben Bernanke needs any more evidence regarding the slowdown in the U.S. economic recovery, he need look no further than U.S. housing prices, which have fallen for 17 consecutive quarters
New home sells fell in July to a 298,000-unit annual rate, the third straight monthly decline for the beleaguered sector. The slump means housing is likely to be a drag on U.S. GDP at least for the next two quarters, and perhaps for longer. New home prices are attractive, but potential buyers should traead carefully: they may drop in many markets.
Sales of new U.S. homes in July fell to its lowest level in five months, indicating that the housing sector is still on rocky footing after the housing bubble burst several years ago.
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.
Television and film actor Burt Reynolds is in danger of getting evicted from his home in southeast Florida.
Housing stock on the market has climbed 22% since last year, SQM Research has revealed.
New research has indicated it now takes the average couple more than four years to save a deposit for their first home.
The same week he announces his plans to be mayor of Manhattan, he rids of his Manhattan digs. Politically ambitious Alec Baldwin has put his multi-million dollar New York City apartment on the market, according to Curbed.
A broker has warned borrowers to be wary of chasing cheap fixed rates amid a wave of discounting that proliferate in the industry.
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.
Aggregators in Australia had been criticised for being too slow to update their lending panels to the dismay of brokers and clients.
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.
Brokers should look to outsource as operating costs become more difficult, Vow Financial has said.
Fierce mortgage competition between the majors is seeing credit standards eroded, a lender has claimed.
New legislation for the reverse mortgage industry would enshrine in law many standards already applied by the industry body.
While refinancing is on the rise, many consumers are failing to see benefits from it, the MFAA has claimed.
Faye Dunaway has moved from her Manhattan apartment after reports emerged that she was being evicted from the rent-stabilized residence, citing poor conditions and lack of time spent there.
A growing number of Australians expect property prices to fall over the next year, a new survey has found.
Lenders may be caught out by a technicality in the freshly drafted disclosure regime, requiring them to publish mortgage manager rates.
The furore over consumer group Choice's mortgage switching campaign may be a "storm in a teacup" according to one broker.
If you'd like to own a high-value memento of Hollywood royalty, you'll have an opportunity: the Connecticut shoreline home of legendary actress Katharine Hepburn is up for sale.
The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
Brokers have expressed outrage at a recent move by Firstfolio to impose a fee on non-performing originators.
In January we saw Aussie home values fall by 1.2% which was the weakest monthly result on record. Over the March quarter home values were down 1.8%. Since that time we have seen the rate of decline slow along with an improvement in our leading indicators, like vendor discounting and time-on-market.
St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's rebadged Bank of Melbourne brand in Victoria.
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St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's re-organised Bank of Melbourne brand in Victoria.
Median house prices have seen their fourth consecutive drop in the June quarter.
Housing in Australia has become "severely unaffordable", and it will take 10 years of flat-lined prices to rectify, a study has found.
