Continuing from the last post about the benefit and eligibility to get a FHA-backed housing loan…………You will need approval from the FHA to become eligible for the mortgage under the new housing rescue bill. The total money that you can get under this scheme cannot be more than 95% of the appraised value of your […]

The new housing rescue bill has $300 billion for the troubled homeowners. Do you qualify to get the benefits?The housing bill, which was passed recently, is enacted to help troubled homeowner and the mortgage giants Fannie Mae and Freddie Mac. The law will be put in action from October 1. The at risk homeowners now, […]

A new housing bill with controversial measures to help borrowers , housing market and Fannie and Freddie.
Senate has passed a landmark housing bill which will help the homeowners and the mortgage giants Fannie Mae and Freddie Mac. The bill will offer $300 billion for troubled homeowners. It will also help in establishing a rescue plan […]

The West has seen a sharp drop in home prices.
In the first quarter the U.S. real state market has seen a 7.7% decline in home prices. This is the largest year to year decline since 1982.
The median selling price is $196,300 now. This is a decline of 4.8% in comparison to 2007.
 Due to the liquidity […]

The interest rate of 30-year mortgages averaged 6.63% this week. In the last week the rate was 6.26%. The rates are increasing continuously for he last three weeks now. The interest rate will be hiked by Federal Reserve as the present condition shows a mixture of weak housing market, and rising inflation. The interest rate […]