Some Highlights: Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home. Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings." You're paying for a house whether you own or rent, but owning gives you control over your living space. … (0 comments)
In a week packed with big economic news, investors feared that the trend toward higher mortgage rates seen this month would continue. The risk that the Fed might signal a scaling back of its MBS purchases concerned investors. In the end, though, a neutral Fed statement and an unexpected increase in the Unemployment Rate allowed mortgage rates to reverse early increases and end the week with little change.
Wednesday's Fed statement was very similar to the statement issued after its December meeting. Concerning its MBS purchase program, the intention stayed the same, meaning that the Fed will continue … (1 comments)
real estate news: FHA TAKES ADDITIONAL STEPS TO BOLSTER CAPITAL RESERVES
- 02/01/13 04:05 AM
WASHINGTON – As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the MMI Fund. “These are essential and appropriate measures to manage and protect FHA’s single-family insurance programs” said Galante. “In addition to protecting the MMI Fund, these changes will encourage the return of private capital to the housing market, and make sure FHA remains a vital source of affordable and sustainable … (1 comments)
Realtors® in the WABC listening area will soon have a new resource to use with your clients and customers with the on-air premiere of Real Estate Today. Tune into 77 WABC AM on Saturday, July 11 from 4-6 p.m. EDT to listen to the show, which will air every Saturday thereafter.
Produced by the National Association of Realtors®, the show talks directly to consumers about the benefits and challenges of homeownership, from expert advice on buying and selling, to remodeling and landscaping, to the state of the current market and home financing issues.
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