Home Equity Loan - First default, then despair
First default, then despair
Kansas City Star - More first-time and lower-income homebuyers are losing the American dream to foreclosures on the courthouse steps. Real estate experts in Kansas City and nationwide say they are seeing a trend in which homeowners often using adjustable-rate
Mortgage Loan Demand Hits Lowest Level This Year
FOX News - NEW YORK U.S. consumer demand for home mortgage loan applications fell last week to the lowest level this year despite a marked drop in interest rates, as industry trade group said Wednesday. The Mortgage Bankers Association said its seasonally
Cracked Houses
Phoenix New Times - The Phoenix shrink/swell map ( web link ) shows which parts of the Valley have expansive soil. Red indicates a high potential to swell, yellow is moderate, and green is low. Shari Wilson’s house is falling apart at the seams. And her life isn’t so
The World Is Flat
Smart Money - While the fed-funds rate (which is the interest rate on overnight loans between banks) now stands at 4.75%, the 10-year Treasury yields 4.80%, as of market close March 29. In other words, long-term interest rates these days are just about equal to