Archive for the ‘Mortgages’ Category
Tuesday, May 13th, 2008
One of the highlights of my week is seeing a new episode of "This American Life" pop into my podcasts folder in iTunes. For those of you not familiar with the show, it is a one hour radio program produced by Chicago Public Radio and hosted by Ira Glass.
This ...
Posted in Economy, Housing, Mortgages | No Comments »
Sunday, May 4th, 2008
Posted in Economy, Mortgages | No Comments »
Saturday, April 19th, 2008
I have read a lot about the subprime mortgage crisis, and found most of the explanations a little hard to get my head around. A friend e-mailed me a link to a presentation (hosted on Google Apps), that I feel, does the best job of explaining the whole subprime ...
Posted in Economy, Housing, Humor, Mortgages | No Comments »
Friday, April 11th, 2008
Real Estate site HotPads has an interesting (and frightening) display option that allows you to view heat maps of foreclosures, by neighborhood, in cities throughout the United States. Here is a screen shot of the Atlanta metropolitan area: And here is Phoenix: ...
Posted in Economy, Mortgages, Statistics | No Comments »
Tuesday, February 12th, 2008
Six of the largest US mortgage companies - representing about 50% of the current mortgae market - announced a plan today to suspend foreclosure proceedings on mortgages that are greater than 90 days past due. This pause would allow time to attempt renegotiation of mortgage terms. The plan ...
Posted in Mortgages, Politics | No Comments »
Thursday, January 24th, 2008
The Mortgage Bankers Association released their Weekly Application Survey yesterday, and it yielded some interesting statistics. Applications to refinance are up 92% since the beginning of November, while purchase applications are up 7%. Refinancing applications represented 66% of the total last ...
Posted in Interest, Mortgages | No Comments »
Monday, January 21st, 2008
Unless you have been following the mortgage markets closely, you may have missed the dramatic fall in rates over the last few months. According to Bankrate.com, the National Average rate for a 15 year fixed mortgage was 4.93% over night, and 5.42% for a 30 year fixed mortgage. ...
Posted in Interest, Mortgages | No Comments »
Thursday, December 27th, 2007
Interesting Reuters report featured in USA Today's money section:
The Mortgage Bankers Association's seasonally adjusted mortgage application index fell 7.6% in the week ended Dec. 21 to 603.8 — its lowest reading since falling to 575.6 in the Dec. 29, 2006 week.
Source: USA Today
Posted in Economy, Mortgages | No Comments »
