MORTGAGE

Why Are US Rents Hitting Record Highs?

During the second quarter, average rents increased to record levels in 74 of the 82 U.S. markets tracked by real estate data firm Reis Inc. (NYSE: REIS), according to a report released Thursday. A number of factors are driving the trend.

US Mortgage Rates Hit New Low Of 3.62%

File photo shows the headquarters of mortgage lender Freddie Mac in McLean
U.S. 30-year fixed-rate mortgages fell to a record low of 3.62 percent, its 10th such weekly record low in the last 11 weeks, following weak economic data, mortgage financier Freddie Mac said Thursday.
U.S. Housing Sector

Thinking About Buying A US Home? Think Carefully

U.S. mortgage interest rates for 30-year, fixed loans are at/near 40-year lows. Further, while there's nothing like owning a home, for several reasons 'this is not your father's housing market.' There are pitfalls and pratfalls, and prospective buyers would be wise to review these five tips before taking the plunge.
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US Existing Home Sales

FHA Won't Implement Mortgage Restriction

The Federal Housing Administration (FHA) won't adopt a new restriction that could have prevented thousands of prospective home buyers from obtaining low-cost mortgages.
Row homes valued at $400,000 each, which are offered for free in a "buy one, get one free" deal, are seen in Escondido

Reverse Mortgages Could Rise, But Beware: Report

A wave of retiring U.S. baby boomers may lead to an increase in unconventional loans known as reverse mortgages in coming years, but the practice comes with risks, according to a report released Thursday by the Consumer Financial Protection Bureau.
ECB President Mario Draghi and Spanish Finance Minister De Guindos

ECB May Toss Rule Book On Bond Collateral: Report

The European Central Bank may soon ease its lending standards in what appears to be an effort to prevent Spain's sovereign debt crisis from worsening, according to reports published Thursday. But the move could also impair the credibility of ECB.
Jerry Patterson

California Road Rage Victim, Jerry Patterson, Says He Wishes He Never Left His Vehicle [VIDEO]

A driver involved in a Southern California freeway brawl that was captured on video and went viral on the internet, said he regrets getting out of his and should have called the police. Jerry Patterson, a mortgage consultant and father of three said he suffered a concussion from the incident when three brutes had attacked him on the freeway, repeatedly punching and kicking him in the head.
U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, in this February 7, 2012 file photograph.

Pessimistic Fed Gives Markets 6 More Months Of Twist

The powerful rate-setting committee of the Federal Reserve decided to extend its current strategy of manipulating the credit markets to artificially depress the cost of long-term financing, a strategy colloquially known as Operation Twist, until the end of the year.
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Fed Possibilities

Chairman Bernanke will announce his policy decision Wednesday at 12:30 EST, and considering the recent escalation in the European debt crisis
An image showing the headquarters of Fannie Mae and Freddie Mac

Imagining U.S. Housing Without Fannie Mae And Freddie Mac

The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
Dinner With Barack

Dinner with Barack: Hardly a Liberal Experience

Dinner with Barack -- for the liberal Democrat, few things sound better than free food with their fearless leader. Four prize dinners with the Great One -- awarded by drawing -- have come and gone; but have no fear, Dinner with Barack V is here.
The U.S. 2012 fiscal year budget is unveiled in Washington

US National Debt - 5 Times Greater Than The Government Admits

The IOU that is being laid on the doorsteps of U.S. taxpayers in the form of the national debt is far greater than most Americans realize. That's because the federal government does not report the true size of the national debt -- now nearly $80 trillion.
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Toronto Braces For A Deflating Condo Bubble

Each panelist at a recent Toronto real estate conference had a reason why the city's condo market is not a bubble. But the developers, the lender, the receiver, the marketer and the real estate agent each talked about the things that worry them.

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