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10 Things to Know About Real Estate in 2010

11 hours ago ago from The Great One's Blog

This is an article published earlier this week, it's long but informative for those interested in the housing market. TGO Refer to story below . Source: U.S.News By Luke Mullins Luke Mullins Mon Dec 21, 3:59 pm ET Is 2010 the year to buy a house? It certainly looks that way: After a steep run-up in prices during the first half of the decade, home values have plummeted back to 2003 levels. Fixed mortgage rates are sitting ...

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Now that Santa is gone, let's consider that the economic recovery may be more Ho-Hum than Ho-Ho-Ho.

19 hours ago ago from Mr. Monopoly

Although the S&P 500 reached a 15-month high last week amid some signs the US economy may be improving, and the ECRI remains very optimistic about the economic recovery (even though their weekly leading indicator declined slightly), Goldman Sachs Research warns the recovery may be more Ho-Hum than Ho-Ho-Ho . This may be worth paying close attention to, since GS Chief Economist Jan Hatzius is the most accurate economic forecaster, according to ...

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Despite record-low mortgage rates, many can’t refinance – Chicago Sun-Times

21 hours ago ago from Home Refinance Mortgages

Despite record-low mortgage rates, many can't refinance Chicago Sun-Times Ron Cowgill, 46, who does home remodeling, has wanted to refinance out of a 7.75 percent mortgage interest rate, Original post click here

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Despite record-low mortgage rates, many can\’t refinance – Chicago Sun-Times

14 hours ago ago from Mortgage News and Mortgage Rates

Ron Cowgill, 46, who does home remodeling, has wanted to refinance out of a 7.75 percent mortgage interest rate, but he can't. Cowgill and his wife, Diane, a teacher's aide in Glenview, have a $3,700 monthly mortgage payment now. They've never been View original story

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Why Now May a good time to be a Refinance Home Mortgage

11 hours ago ago from paymen mortgage calculator

A Historical Perspective Mortgage rates fell down by one point since the beginning of last summer. Does that make a low 5.69% mortgage rate? A historical perspective would suggest that it is a very low rate indeed. In 36 years, the entire mortgage data (ie have 1972-2007) ventured mortgage rates below 5.69% for a few months in rare cases, but they never had an average of 5.69% or less for a whole calendar year. This leads to ...

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Lie #5: The Housing Market Is Recovering

6 hours ago ago from BloggingStocks

Moody's reported that the rate of defaults on home mortgages has fallen to roughly 6.5% of all mortgages, and that the number will be slightly lower throughout 2010. They neglected to mention that the historical default rate is one-third that, or that the 2010 default rate on mortgages will be 300% higher than the historical rate. Housing sales in 2010 will be worse than expected, and home prices will continue to fall as more and more ...

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Freddie sees mortgage rates hitting 6% in 2010

1 day ago ago from Washington Post - Business

After hitting an all-time low in early December, the average rate on a 30-year, fixed-rate mortgage rose to 5.05 percent this week and could climb to 6 percent by the end of 2010, if not sooner, according to giant mortgage financier Freddie Mac. The results are noteworthy because rates have not topped 5 percent since the last week of October, when they reached 5.03 percent, based on the results of this closely watched survey, which polls ...

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