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States With The Highest Mortgage Debt

California ranks number 1 in Mortgage Debt being carried by its citizens.

California is followed by Maryland and then New Jersey.

You might also like:Credit Score Information There are three main credit bureaus -- Transunion, Experian, and ...Subordination of Mortgage Mortgages take priority by [...]

Unemployment Rate – December 2011

Because Housing and Jobs are so closely related, it is important to watch for changing trends in the Unemployment level.
The chart below displays current levels of Unemployment by state. This information will be updated monthly.

You might also like:Unemployment data across US – October 2011 Because Housing and [...]

Bank of America Suspends New Cash-out Refinance Applications

Elevated refinance volume prompts decision

Refinance activity is so busy that Bank of American Home Loans has made the decision to turn off the spigot for cashout refinancing. It’s the second time in four months that such a move has been made.

From the end of 2011 until last week, inquiries for refinance loans [...]

Freddie Mac: Mortgage Rates Hit New All Time Record Low

FOR IMMEDIATE RELEASE:

McLEAN, VA — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing average mortgage rates changing little amid mixed economic data. Regardless, the 30-year fixed-rate mortgage edged down slightly to 3.88 percent to a new all-time record low marking the [...]

November Housing Starts Increase – Highest Annual Rate Since April 2010

November Housing Starts

Housing starts for November rose 9.3% to 685,000. The highest annual rate since April 2010. Leading the way was multi-family units, rising 32.2%. Single-family units saw an increase of 2.3%. Over the last year, housing starts are up 24.3%.

The Housing Starts report measures the number [...]

Freddie Mac Weekly Mortgage Rate Survey – “All Time Record Low”

30-YEAR FIXED-RATE MORTGAGE MATCHES ALL-TIME RECORD LOW AT 3.94 PERCENT

McLEAN, VA — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates at or near their all-time lows. The 30-year fixed matched the average all-time record low of 3.94 percent, and a new [...]

September Home Prices Weaken

Prices in the Case-Shiller 20-City Composite Home Price Index weakened slightly in September, falling 0.6% from August.

Of the 20 cities included in the index, only New York, Portland and Washington DC saw increases from August.

The 1-year change from September 2010 was down 3.6%. Though both Detroit (up [...]

Unemployment data across US – October 2011

Because Housing and Jobs are so closely related, it is important to watch for changing trends in the Unemployment level.

The chart below displays current levels of Unemployment by state. This information is updated monthly.

You might also like:Unemployment Rate – December 2011 [...]

Building Permits Surge

Building permits rose to 653,000 in October. A 10.9% increase from September and 17.7% higher than October 2010. This is the largest number of permits for 2011 and represents the most since March 2010.

The building permits report is used as a guide to gauge future signs of construction. Housing construction is significant [...]

Housing: Truly More Affordable Than Ever

The PRICE Is the Same, But the COST Is Less

There is more and more research coming out showing that it makes great financial sense to purchase a home today. Whether it be rent vs. buy ratios, income-to-price ratios or income-to-mortgage payment ratios, purchasing a home right now is a bargain compared to [...]