30-year fixed-rate mortgages fall to 6.35 percent
30-year fixed-rate mortgages had been rising for five months in a row, but now there is a decline, the Federal Reserve has said that this is a good signal and it has eased worries of an imminent rate increase.
Freddie Mac had reported that 30-year fixed-rate mortgages were
Mortgage lending by building societies fall by 90%
Building Societies Association (BSA) has now released figures that mortgage lending by building societies have fallen by 90% over the past year. On a month by month basis the money that building societies lend has been falling steadily, but it is this past month that it has
Lower house prices help increase Existing-home sales in May
Existing-home sales had increased in May, this was a direct result from lower house prices, this is according to the National Association of Realtors. Existing-home sales which also include co-ops, condominiums and townhomes had increased by 2 percent to a seasonally adjusted annual rate of 4.99 million units in May; this was from a level [...]
Could suspending stamp duty revive the housing market?
As we know the housing market is facing a bit of a crisis at the moment, as a result the Association of Home Information Pack Providers (AHIPP) is asking that the Government to suspend stamp duty, in the hope that this could help to revive the ailing housing market. Things are set to get
Scottish government to help troubled borrowers
As you know if you want to borrow money from a mortgage lender, things are a lot tougher than they have been for years, but the Scottish government wants to help. The Scottish government has unveiled a new set of measures, which are all designed to