Mortgage rates hit record low again
NEW YORK (CNNMoney) — Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row. ...
Drawn to Simplicity | Philippe Weisbecker’s ‘Greenhouse Studies’
When Benjamin Sommerhalder, a Swiss publishers, happened upon the architectural drawings of the French artist Philippe Weisbecker in a Tokyo bookstore, he knew he had to do a book of ...
Another record low for mortgage rates
NEW YORK (CNNMoney) — Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It ...
U.S. Existing Home Sales Drop 2.6% In March
U.S. existing home sales fell 2.6 percent in March to an annual rate of 4.48 million, the National Association of Realtors stated Thursday, missing expectations and highlighting continued weakness in ...
Home builder sentiment cools in April
CNBC’s Diana Olick explains why buyer interest has yet to translate into expected home sales. Homebuilder sentiment ebbed in April for the first time in seven months as prospective buyers ...
15-year mortgage rate hits record low
Mortgage rates fell over the past week, sending the 15-year benchmark to a record low, mortgage giant Freddie Mac stated Thursday. While 30-year fixed-rate mortgages are more common, low mortgage ...
Mortgage rates tumble back into record territory
NEW YORK (CNNMoney) — Mortgage rates fell this week, with the 15-year fixed rate hitting yet another record low, amid news of weak job growth during the month of March. ...
Timely | Sophie Aschauer: Knotty, Knotty
Sophie Aschauer has been fascinated by puzzles since she was a child. But it wasn’t until she picked up a book of sailor’s knots last year on a trip to ...
Government Unveils New Buy to Bring Back First Time Buyers
This week has seen the launch of the government’s latest attempt to get beleaguered first time buyers buying again, or rather at this juncture we should state to turn some ...
Romney states impact of tax plan cannot be measured
Fresh off his victory in six of 10 Super Tuesday states, Republican front-runner Mitt Romney appeared on CNBC and acknowledged that it was impossible to measure the impact of his ...
U.S. Mortgage Applications Decline 1%: MBA
U.S. mortgage applications decreased by one percent in the week ending Feb. 10, compared to the previous week, according to the Mortgage Bankers Association. Mortgages for new buys were down ...
Investors ‘Continue to Buy Distressed Property’
Demand for distressed real estate investments climbed during the final quarter of 2011, according to the Royal Institution of Chartered Surveyors (Rics) Global Distressed Property Monitor. The firm revealed that ...
Demand for global distressed property increased at the end of 2011
Demand for distressed property is rising in more countries than it was previously, according to the results of the latest Global Distressed Property Monitor from the Royal Institution of Chartered ...
Anger Understood, But Banks Not Cavalier: ABA
Five days out from the RBA’s next cash rate decision, Australian banks are again flagging that they may stay put on rates. The Australian Bankers’ Association has sought to defend ...
Freddie Mac’s Image Problem: Conflict of Interest Charged
On Monday, NPR and ProPublica published a report revealing that Freddie Mac, the government-owned mortgage giant, had bought $3.4 billion in mortgage securities that became more profitable if home owners ...
New Zealand residential property prices saw gradual growth throughout 2011, data shows
New Zealand residential property values continued to gradually increase in 2011, rising 2.4% over the past twelve months, according to the latest QV index. Values in Auckland were 4.3% better ...
Commercial to Triumph After ‘Soft’ 2011
Think Tank Property Finance anticipates 2012 to yield more positive conditions for commercial property. Following RBA interest rate reductions late last year, Think Tank revealed the lender was seeing a ‘meaningful ...
U.S. Mortgage Applications Increase in First Week of 2012: MBA
U.S. mortgage applications increased 4.5 percent on a seasonally adjusted basis in the week ended Jan. 6, the Mortgage Bankers Association (MBA) stated Wednesday. Refinances were up 3.3 percent from ...
Mortgage rates hit another record low
NEW YORK (CNNMoney) — Happy holidays, homebuyers! You just got a very nice present. Mortgage rates have hit record lows, with the interest rate on a 30-year, fixed-rate loan, the ...
Singapore hits foreign property buyers with an extra 10% stamp duty
Singapore has introduced new taxes on residential property buys to curb excessive investment by foreign buyers. Foreigners and corporate entities will have to pay an unprecedented extra 10% stamp duty ...
U.S. Mortgage Applications Rise 4.1 Percent as Refinances Jump: MBA
U.S. mortgage applications increased 4.1 percent on a seasonally adjusted basis in the week ending Dec. 9, led by an increase in refinances, according to the Mortgage Bankers Association (MBA). ...
Household debt swells to record high
The debt burden on Canadian households rose to a record high in the third quarter as mortgage and consumer credit increased but the net worth of households fell, Statistics Canada ...
Evergreens for Every Garden
Whatever your feelings are about winter interest in the garden, there is one thing we can all concur on – thank goodness for evergreens. They add structure, height, color and ...
U.S. Mortgage Applications Rise 12.8 Percent: MBA
U.S. mortgage applications increased by 12.8 percent in the week ending Dec. 2, compared to the previous week, as refinance activity increased, according to the Mortgage Bankers Association (MBA). Refinances ...
U.S. Mortgage Applications Decline 11.7 Percent: MBA
U.S. mortgage applications decreased on a seasonally adjusted basis by 11.7 percent in the week ending Nov. 25, according to the Mortgage Bankers Association (MBA). The MBA’s Refinance Index decreased ...
Low interest rates keeping residential properties in New Zealand affordable, it is claimed
Higher residential property prices in New Zealand means that home loan affordability is also on the rise but experts believe that an improving outlook for lower interest rates is boosting ...
U.S. Mortgage Delinquencies Fall to Lowest Level Since 2008: MBA
Delinquent U.S. mortgage payments fell to 7.99 percent in the third quarter, down from 9.1 percent from a year earlier, according to the Mortgage Bankers Association. It was the lowest ...
Pessimism creeping into the Australian property market
Expectations that residential property prices will continue falling in Australia are having an effect on the real estate market, according to a new survey. The Commonwealth Bank/Mortgage and Finance Association ...
Canadian Housing starts ease but beat expectations
TORONTO – Canadian housing starts slipped in October, but came in higher than expectations, as low interest rates and condominium building helped offset the impact of negative global economic news. ...
Home Sales Mixed, Foreclosure Starts Down in September: HUD
September home sales showed blended trends, but year-over-year foreclosures starts were down, suggesting some market recovery, according to the U.S. Department of Housing and Urban Development (HUD) and the U.S. ...