by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Rumblings from the loan industry are that loans could be much harder to get in the future. Restrictions are being imposed upon government related loans, which are big part of current financing. Nationally, Fannie Mae, Freddie Mac, and the Federal Housing...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Mortgage rates in 2010 were the lowest in six decades. Will they stay low, or will they rise, making the purchase of a home more expensive in 2011? In November of 2010, the 4.17% interest rate was the lowest since Freddie Mac began tracking rates in 1971, and the...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending, Real Estate Facts & Figures
First, the good news. Rates on 30 year mortgages matched the lowest level in decades by falling to 4.32%. According to Freddie Mac, this is the lowest rate since 1971. The rate on 15-year fixed loans fell to 3.75%, the lowest since records began in 1991. The 15-year...
by kramoltz@hotmail.com | Feb 28, 2015 | Foreclosures + Short Sales
In Are Lenders Holding Back REOs, I wrote about the inability of lenders that had completed foreclosures to timely put those homes back on the market. Under ordinary circumstances, a bank will put a “real estate owned” (or REO) home back on the market as soon as...
