Monthly Archives: January 2011

Mortgage Interest Rates | Mortgage Refinancing Rate:

Mortgage Refinancing Rate is the option of understanding about the mortgage refinancing. It is fact that refinancing is not a smart move for everyone. There are expenses and fees you will have to pay when refinancing your mortgage with Mortgage Refinancing Rate. Mortgage Refinancing Rate fees and expenses are very similar to the ones you paid when you took out your first mortgage. These expenses    .. more …

New York State Foreclosure | Foreclosure, Investment Properties

In today’s NYC Real Estate market you can find foreclosure, Investment opportunities. New York foreclosures can be a great opportunity to find a bargain home.More and more people turn to New York foreclosurehomes to save money on real estate.Buyers who choose to buy foreclosure properties are getting better deals than those who are buying new properties as they are currently 41% cheaper on average    .. more …

New Home Sales | New Home Sales Increase; Seasonality Should Drive Improvement Into Spring

RISMEDIA, January 31, 2011″New home sales increased 17.5% month-over-month in December 2010 to 329,000 units, after being flat month-over-month in November. On an annual basis, new home sales fell 7.6% year-over-year in December after falling 23.9% year-over-year in November. This data is annualized based on seasonal adjustment factors for typical seasonal patterns.The absolute number of sales    .. more …

Mortgage Interest Rates | The ‘no Housing Bubble’ Myth Can’t Last

Stephen Green wrote: Wow. Now compare this to the spruiking rubbish that gets peddled here by the property industry and ask yourself: Who actually knows what they are talking about and who is trying to delay the public from realising the housing crash is imminent? (See The ‘no housing bubble’ myth can’t last , January 28.) Michael Judd wrote: Nice article, but for people who have the real estate    .. more …

Mortgage Interest Rates | How To Get A Low Interest Rate Mortgage

One of the best investments you can get for your family is to have a great home, but of course, acquiring one requires a lot of considerations. You have to think where to get the best deals, get a good house at the right location, but most of all, get a low interest rate mortgage that will allow you to pay them easily within its terms.However, there are still important factors and tips that can    .. more …

Existing Home Sales | NAR Report Shows Strong July

Existing Home Sales Are Going Up, Up, UpFriday’s report issued by the National Association of Realtors showed positive numbers in July, as existing home sales rose more than 7%–the largest monthly gain in the ten years that the NAR has been tracking data.The numbers also blew away the pace set in July 2008 by more than 5%, which is the first year-over-year increase the report has documented in    .. more …

New York State Foreclosure | Foreclosure – The Judiciary Can No Longer Turn A Blind Eye

In Maryland State a new rule has authorized judges to engage experts to scrutinize foreclosure documents. It has also been ordered that lawyers representing the lenders would have to swear to the authenticity of the papers being submitted in court.The chief judge in New York State issued an order along similar lines mandating that the attorneys of the mortgage firms would have to sign affidavits    .. more …

Existing Home Sales | Lawler: Downward Revisions Coming To Existing Home Sales?

This is from housing economist Tom Lawler (CR Note: I probably jumped the gun on the timing of the major revisions, but I believe they are coming):As many readers may recall, over the last year and a half I have noted numerous times that the NAR’s estimates for existing home sales appear to have understated the decline in existing home sales since 2006, with the “gap” increasing from 2007 through    .. more …

Mortgage Interest Rates | 5 Considerations When Comparing Mortgage Refinance Rates

Getting a mortgage loan is not something you can take out, bring home and then forget about. It does have its risks. To really maximize the kind of deal you get over the long term, you will have to watch out for fluctuations in mortgage loan rates, which, fortunately or unfortunately, change incrementally day by day. Sometimes , It might even happen several fluctuation in one day. Here’s some    .. more …