interest rate: Southern Nevada resales up in April - 05/09/09 06:09 PM
There is some optimism in the dry desert air that the Las Vegas real estate market is hitting bottom. At long last. Perhaps. It's still too early, though, to go into any definitive announcements about that. The patient's vital signs do remain quite mixed, that's why.In any case, 3,198 single-family homes were closed … (6 comments)
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interest rate: Mortgage cosigner approach worth looking into - 01/15/09 10:32 PM
It could make home buying, or even a refinance, a reality. Mortgage interest rates are bouncing around the low 5% mark that ought to draw consumers to the marketplace by the thousands, and it's doing that to some degree. What still keeps many from getting a loan approved, though, are the … (4 comments)
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interest rate: Las Vegas housing market gradually improving - 05/08/08 09:25 PM
As the spring advances toward summer, the Southern Nevada real estate scene continues to show signs of slow improvement. The long-expected recovery is still fragile and is in its early stages, so it'll be a while before things return to a more balanced market environment. The mortgage industry, despite its own … (2 comments)
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interest rate: Investors to stave off potential foreclosures - 05/04/08 05:03 PM
The real estate market works in many different ways, as does any marketplace. Some of it is very predictable, and then some isn't.
Consider this. The housing market in Las Vegas experienced dizzying heights a few years ago, fueled by several factors that included low mortgage interest rates, benevolent lending guidelines … (8 comments)
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interest rate: The return of the ARM - 03/08/08 01:09 AM
The Adjustable Rate Mortgage, or ARM, lost much of its edge over the 30-year fixed in the last few years. Things actually got so tangled up for a couple of weeks in 2007 that the 5-year ARM, or 5/1 ARM, the most sought-after of them, demanded a higher interest rate than … (2 comments)
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interest rate: Mortgage refinance obstacle - 02/16/08 12:01 PM
The home loan industry is buffeted by a major gale and so is in many areas the residential real estate business. They are right now battling the elements as they best can. While at it, mortgage lenders have made scores of adjustments out of necessity to their loan programs and business … (8 comments)
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interest rate: Mortgage industry tested by foreclosures in 2007 - 02/05/08 01:32 PM
Mortgage foreclosure filings on a national scale kept a steady pace throughout 2007, reports RealtyTrac, a California-based real estate marketplace and an expert in foreclosure data. Despite government and lender efforts to come to the rescue of homeowners in distress, the figures toward the end of the year showed no improvement … (2 comments)
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interest rate: Housing wrestles with affordability issue - 01/30/08 09:46 PM
In multiple areas nationwide the residential real estate market remains soft and offers home buyers splendid opportunities. Prices are coming down and many sellers are at last realizing that the marketplace determines the listing price and not them. They are now more willing to negotiate rather than just turn down unappealing offers. … (10 comments)
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interest rate: Vegas housing market about to pick up? - 12/14/07 11:47 PM
A lot of attention has lately been directed toward the mortgage industry where lenders continue to struggle with rising foreclosures and try to keep their balance sheets somewhat respectable. Washington also announced an interest rate freeze plan that on the outset received proper headlines, but on closer scrutiny it appears to … (10 comments)
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interest rate: Las Vegas real estate market sluggish - 12/11/07 10:25 PM
There have lately been small signs of improvement in the local housing market and anything positive on that front is warmly embraced. Perhaps the low mortgage interest rates are helping out, perhaps the sellers are pricing their homes more realistically, could be the buyers have realized that now is the time … (0 comments)
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interest rate: Foreclosure process tripped by a court - 12/08/07 11:15 PM
The climbing foreclosure graph has been in the news for a good while and according to industry observers more are on the way as mortgage interest rates on a host of ARMs reset higher in the coming months. The financial markets are really concerned. To try to put a halt to … (4 comments)
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interest rate: Real estate market to improve next year? - 11/14/07 02:20 PM
The residential real estate experts continuously evaluate data that flows across their computer screens and try to decipher what it all means. There is so much to consider, though, that it's impossible to reach a consensus on when to expect a market turnaround. Besides, the soft market has shaken really hard … (14 comments)
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interest rate: Countrywide and NACA are now dating - 10/26/07 10:53 PM
The country's largest mortgage lender has received plenty of bad press lately, most of it the result of questionable business practices. Its subprime loans are defaulting in record numbers, it has well-documented liquidity problems and then it appears to be stonewalling in helping borrowers facing foreclosure. It isn't fun being the … (34 comments)
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interest rate: Subprime mortgage assistance inconsistent - 10/16/07 06:23 PM
Apparently what has been done so far to help subprime mortgage borrowers hasn't been enough because the Treasury Secretary recently held a press conference to announce the birth of HopeNow. It's a group of institutions that are closely involved in the mortgage origination business. The membership includes a few housing counseling … (4 comments)
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interest rate: Mortgage foreclosure relief via bankruptcy code tweak? - 10/08/07 09:26 PM
A lot of effort is being spent on finding solutions to the current foreclosure issue. Everyone does admit that it's a difficult task. As a new proposal, the Center for Responsible Lending, a consumer advocate group, is supporting a tweak to the Chapter 13 bankruptcy code. That's the one that sets … (8 comments)
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interest rate: HUD official gives support to financial markets - 09/26/07 04:15 PM
Although the Fed's recent key interest rate cut has only a marginal effect on mortgage interest rates, it does signal the financial community that the government is now carefully monitoring the worrisome housing developments. It provides more liquidity to the overall system for one and also assures the banks that Washington … (4 comments)
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interest rate: Should you buy a retirement home now? - 09/17/07 12:36 PM
That is a question crossing many minds today. A host of people from their 40s all the way to the 60s are spending quality time on the subject, weighing possible locations, finance options and the exact timing of the purchase, which are among the more important points. It's a strategic decision, … (10 comments)
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interest rate: ARM interest rate calculation made easy - 09/10/07 06:58 PM
Many borrowers today have ARMs, or adjustable rate mortgages, and it can be a good loan program in various situations. A lot of them were taken out around two to four years ago when the housing boom ruled the landscape. Those home loans are now in the process of resetting and … (0 comments)
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interest rate: Subprime mortgage legislative proposals from US Congress - 09/07/07 08:31 PM
The lawmakers are back in Washington, after taking the month of August off for a little R & R. One of the first matters they've decided to work on is the subprime debacle that still roils the mortgage market. Some of the ideas they are planning to float for debate are … (8 comments)
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interest rate: Your FICO score may get a lift - 08/06/07 07:29 PM
Wouldn't that be nice? When you apply for, say, a mortgage loan to refinance, instead of having a FICO score of 690, you could jump all of a sudden to 725. That difference would help lower the interest rate you get and subsequently the long-term borrowing costs. And you don't have … (0 comments)
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