Archive for the 'mortgages' Category

The broke first time home buyer: 66 percent of first time buyers purchase homes with low down payment mortgages.

The return of risky loans: Freddie Mac offering a 3 percent down loan called Home Possible Advantage targeted to cash strapped buyers. FHA loans and interest only loans also permeate market.

Who needs a mortgage? Mortgage applications running near multi-decade lows while mortgage rates fall.

Who needs a mortgage? Cash sales continue to dominate market while mortgage applications run near levels last seen in 2000. Housing starts remain weak and expectations for price increases run wild.

Mortgage rates will go up in 2014 and the middle class is going to feel the burn of higher fees on mortgages: Can this momentum continue into 2014?

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