After extensive data analysis, the Federal Reserve has released information that net equity in household real estate increased by $2.2 trillion in the third quarter of 2012 to Q3 2013. In addition, homeowners’ equity as a percentage of household real estate experienced a drastic increase—from 44.3% a year ago to 50.8% at the end of […]
What seems to be lost in the news about the housing market — between the talk about rising home sales and record-low mortgage rates — is the question as to whether Congress will extend 2007 Mortgage Relief Act. In 2007, then-U.S. President George W. Bush signed into law this act in order to boost short […]
The Wall Street Journal recently reported on the recent fall of mortgage rates. According to Freddie Mac’s weekly survey of mortgage rates, this week saw a decline in mortgage rates with the average rate on a 30-year fixed-rate mortgages dropping to 4.80% the week of April 21, compared to 4.91% the week before. A 15-year […]