Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators’ failure to agree on budget cutbacks, and after Italyâs elections failed to reveal a leader committed to continuing economic reform.
Mortgage rates worsened for the week ending February 8, 2013 in response to strong economic data in the US and abroad.
Along with the New Year come the new trends. The same goes for those occurring in the housing industry. Here are seven bits of advice and news that can help first-time home buyers navigate the mortgage industry in 2013. Save money now. Lenders will be paying more attention to the sum of money in your Read More »
Struggling homeowners have something big to worry about in the days ahead. The Mortgage Debt Forgiveness Act passed by Congress in 2007 is set to expire soon. Its expiration would spell the end of a tax break that has been keeping troubled homeowners from paying thousands of dollars to the IRS because of forgiven mortgage Read More »
Continuing an almost four-year trend, aggregate consumer debt levels have recently been reported to record their lowest since 2006. Mortgage debt, the largest component of aggregate consumer debt, decreased by 1.5% from the previous quarter, and the lowest tally since 2006. This drop comes amidst a cumulative increase in mortgage originations, where hundreds of Read More »
Thinking of investing in commercial properties? Affluent investors take special interest in commercial real estate as a strategy to build and consolidate wealth. Recent studies found that these investors receive an average of $1.2 million in revenue every year from their rental properties. Commercial properties are a good source of income especially at a time Read More »