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Real Estate News |
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Home mortgage rates and real estate news - CNNMoney.com
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From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
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Need a mortgage? Bring cash
Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing.
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A plan to jumpstart the mortgage market
A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market.
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California foreclosures hit 20-year high
Read full story for latest details.
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Wachovia to exit wholesale mortgage business
Read full story for latest details.
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U.S. home prices drop 4.8% in May
Read full story for latest details.
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Latest home prices - first quarter
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.
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Where home prices are headed next
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.
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Mortgage rates fall...again
Rates on 30-year fixed mortgages fell for the second week in a row on increased speculation that the Federal Reserve will not raise interest rates before the end of the year, according to mortgage backer Freddie Mac.
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Confessions of a subprime lender
Richard Bitner opened his own mortgage shop in 2000, and had the good fortune to bail out of the business in 2005, before the housing crisis hit.
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Housing rebound: When to spot one
This is already one of the worst national housing downturns in half a century. But what's really scary is that judging from the still-huge overhang of unsold homes - one of the key indicators of the market's prospects - things could get worse. In fact, much worse if the economy slips into recession.
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Commercial mortgage delinquencies up
Read full story for latest details.
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Mortgage applications rise 1.7%
Read full story for latest details.
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Builder confidence reaches record low
Read full story for latest details.
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Paulson in Fannie, Freddi hot seat
Treasury Secretary Henry Paulson was hammered by lawmakers on Tuesday over the Bush administration's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac.
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Bernanke's gloomy outlook
The housing finance crisis and spiraling energy costs will remain a drag on the U.S. economy for the rest of the year, Federal Reserve Chairman Ben Bernanke told lawmakers in a gloomy presentation about the economic outlook.
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Fed's war against shady home loans
The Federal Reserve unanimously approved new mortgage lending rules Monday in a crackdown on shady practices - particularly those involving subprime loans made to borrowers with weak credit.
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Mortgages: More expensive, scarce
The fate of Fannie Mae and Freddie Mac may be hanging in the balance but many mortgage borrowers already find themselves struggling to find affordable loans.
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Fannie, Freddie: Not out of the woods
The federal government's plan to rescue Fannie Mae and Freddie Mac won support from some experts and politicians Monday but did not fully assure investors in the beleaguered mortgage finance giants.
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100 Best Places to Live
Plentiful jobs, excellent schools, affordable housing - America's best small cities have all that and more.
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Life after losing your home
Only weeks after moving into their first home in 2006, Margarita Rios celebrated Christmas with her two daughters and their families. They finally had the room to do it right, with decorations outside the Valley Stream, N.Y., house and a nice tree surrounded by presents inside.
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