Home Buyers
« Previous Entries Next Entries »Tax-credit deadline passes, mortgage applications swoon
Wednesday, March 16th, 2011You didn’t need to wait long for a sign of what the end of the home buyer tax credit program means: Mortgage applications by buyers fell 27 percent last week — following a 10 percent drop the week before — to their lowest level in 13 years.
Nationwide Home Loans Fall 37% on Contracting British Market
Wednesday, March 16th, 2011Nationwide Building Society, the U.K.’s largest customer-owned lender, said gross residential mortgage lending dropped 37 percent to 12 billion pounds ($17.2 billion) in the last fiscal year as housing transactions slumped.
Expiring tax credits boost new home sales; mortgage rates, falling prices help
Wednesday, March 16th, 2011New home sales surged last month as home buyers rushed to take advantage of tax credits that have helped lift the housing market, according to government data released Wednesday. Sales of new single-family homes rose 14.8 percent in April, compared with March, to a seasonally adjusted annual rate of 504,000, according to Commerce Department data. [...]
One in 25 mortgage holder in arrears
Wednesday, March 16th, 2011ONE IN every 25 Irish residential mortgage holders is more than three months in arrears on repayments, according to figures published yesterday by the financial regulator. And almost 22,000 people are struggling with arrears of more than six months on their home loans.
Mortgage Interest Rate News and More
Wednesday, March 16th, 2011In yet another report designed to help determine the state of the U.S. economy, the Mortgage Bankers Association has released their weekly mortgage report. The results are out on home purchase rates, mortgage interest rates, and refinance rates, and the news is not very positive.
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