Foreclosures Drop 35 Percent Year-Over-Year

April 15, 2011

According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011.

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Inflation Pressures Mounting; Mortgage Rates Rising

April 14, 2011

The March CPI data is expected to show an increase in the cost of living for the 17th straight month — a reading that would take CPI to an all-time high. This would be awful for mortgage rates.

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Get Your Applications In : FHA Mortgage Insurance Premiums Rising 0.25 Percent April 18, 2011

April 13, 2011

Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or 0.25%.

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Retail Sales Report Should Spell Higher Mortgage Rates For Wednesday

April 12, 2011

Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts for the 9th straight month. A strong reading like that should spell higher mortgage rates nationwide.

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Military Members : You Have 3 Weeks To Buy A Home, Claim Up To $8,000 In Tax Credits

April 8, 2011

If you’re an eligible federal employee or qualified military personnel, you have 3 weeks from this Saturday to use the federal home buyer tax credit, and to claim up to $8,000 in federal income tax credits.

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How Does Your Real Estate Tax Bill Compare To Other Parts Of The Country?

April 7, 2011

Compiling data from the 2009 American Community Survey, the Tax Foundation, a non-partisan educational organization in Washington D.C., published property taxes paid by owner-occupied households, county-by-county.

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March Fed Minutes Show Inflation Risks And Rate Hikes On The Horizon

April 6, 2011

The Federal Reserve released its March 15 meeting minutes Tuesday. The notes revealed a Federal Reserve split between optimism and caution for the U.S. economy.

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Plan To Sell Within 5 Years? Consider An Adjustable-Rate Mortgage.

April 5, 2011

The interest rate gap between fixed-rate mortgages and adjustable-rate mortgages is growing. It peaked 2 weeks ago, but remains huge at 1.16 percentage points.

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What’s Ahead For Mortgage Rates This Week : April 4, 2011

April 4, 2011

In a volatile week of trading, mortgage markets closed unchanged last week.

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How Does Your Work Commute Compare To Other Cities?

April 1, 2011

Whether you live in a “long commute” town like Richmond, NY (40 minutes), or a “short commute” town like King, TX (3.4 minutes), rising gas prices have made commute times and distances relevant to everyone. See commute times for every county in the country.

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