Mortgage Rates Fall 9 Straight Weeks
June 13, 2011
June 10, 2011
Mortgage rates continue to fall amid disappointing economic news this week. The benchmark conforming 30-year fixed mortgage rate is now 4.65%, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.
To read more, please click the link below.
http://www.houselogic.com/news/articles/mortgage-rates-fall-9-straight-weeks/
Proposed QRM Harms Creditworthy Borrowers And Housing Recovery
May 9, 2011
Proposed QRM Harms Creditworthy Borrowers And Housing Recovery
(April 15) An in-depth analysis from NAR and others of the proposed qualified residential mortgage exemption shows it to be an unnecessary and very expensive wrench into the American dream.
The following organizations, along with NAR, prepared an in-depth analysis of the impact of the proposed QRM regulation:
http://www.realtor.org/topics/qrm/qrm_whitepaper
New Bill Introduced to Speed Short Sales
May 9, 2011
Realtors® Applaud Bill To Speed Lender Response to Short Sales
Washington, April 13, 2011
A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors®, would impose a deadline of 45 days on lenders to respond to short sale requests.
http://www.realtor.org/press_room/news_releases/2011/04/speed_sales
NAR Study Finds Americans Prefer Smart Growth Communities
May 9, 2011
Washington, DC, April 04, 2011
Americans favor walkable, mixed-use neighborhoods, with 56 percent of respondents preferring smart growth neighborhoods over neighborhoods that require more driving between home, work and recreation. That’s according to a recent study, the Community Preference Survey, by the National Association of REALTORS®.
http://www.realtor.org/press_room/news_releases/2011/04/smart_growth
Pending Home Sales Rise Again in March
May 4, 2011
Washington, DC, April 28, 2011
March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®.
For more information, please click the link below:
http://www.realtor.org/press_room/news_releases/2011/04/phs_march
