Home prices unexpectedly slipped in December but the annual rate of decline slowed, reinforcing the housing market’s rocky road to recovery, Standard & Poor’s/Case-Shiller indexes showed on Tuesday. » Read more…
Category Archives: Mortgage Foreclosure
Home purchase loan demand at lowest since 1997
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday. » Read more…
New-Home Sales At Record Low In Jan.; Bernanke Soothes
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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New-home sales dived to a record low in January but stocks rallied as Federal Reserve chief Ben Bernanke eased concerns that the central bank will take the economy off life support too soon. » Read more…
January home sales data expected to show increase
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Sales of previously occupied homes are expected to be up slightly for January after a sharp drop in December as demand remained stable despite a stormy winter in much of the country. » Read more…
Foreclosure rates up by smallest amount in 4 years
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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The foreclosure crisis isn’t over, but the pace of growth may finally be slowing down. RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years. » Read more…