img src=http://wsj.vo.llnwd.net/o28/video/20090409/sf040909bakersfield/sf040909bakersfield_167×94.jpgIt was once the hottest real-estate market in the nation, but dry and dusty Bakersfield, Calif., is now the poster child for the down times in housing. Russ Britt reports.
Mortgage rates rose slightly during the week ended April 9, ending a two week run of record lows but still staying comfortably under 5 percent. According to Freddie Mac#39;s Primary Mortgage Market Survey , the 30-year fixed-rate mortgage (FRM) averaged…(a href=”http://www.mortgagenewsdaily.com/04092009_freddie_mac_rates.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=67043″ width=”1″ height=”1″
Weekly mortgage applications in the United States advanced for the fifth week in a row in the week ending April 3, according to data released from the Mortgage Bankers#39; Association (MBA) on Wednesday, which reported a 4.7% week-over-week increase…(a href=”http://www.mortgagenewsdaily.com/04082009_mba_mortgage_applications.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=66599″ width=”1″ height=”1″
img src=http://wsj.vo.llnwd.net/o28/video/20090408/040809phippsrealty/040809phippsrealty_167×94.jpgWith mortgage rates at record lows and the $8,000 first-time home-buyer credit set to expire Nov. 30, Ronald Phipps, first vice president of the National Association of Realtors, explains to Kelsey Hubbard why now is a good time to enter the housing market.
U.S. consumer credit fell more than expected in February, showing consumers borrowed even less amid the economic downturn. However, the previous month#39;s increase saw a large upward revision . The Federal Reserve reported that consumer credit fell…(a href=”http://www.mortgagenewsdaily.com/04072009_consumer_credit.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=66405″ width=”1″ height=”1″
img src=http://wsj.vo.llnwd.net/o28/video/20090407/040709foxnewscondo/040709foxnewscondo_167×94.jpgJonathan Kyte of Denver bought a condo and spent thousands remodeling it, only to find out he never owned it. Instead, he owns the deeds to the “dump” next door. Video courtesy of Fox News.
Ho hum; another week, another record low mortgage rate. Three of the four mortgage products tracked by F reddie Mac in its Primary Mortgage Market Survey hit new interest rate lows this week. For the 30-year it was the fourth time in 2009 that a new record…(a href=”http://www.mortgagenewsdaily.com/04022009_mortgage_rates.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=65341″ width=”1″ height=”1″
img src=http://wsj.vo.llnwd.net/o28/video/20090402/033009hotd/033009hotd_167×94.jpgSpencer Kimball, a Google software engineer, tells WSJ’s Sushil Cheema how he and his architect transformed his New York City luxury loft into the ethereal space that it is today. Plus, how that led him to design a beautiful vacation home in the Dominican Republic.
Accounting standards for U.S. financial institutions were eased on Thursday when the U.S. Financial Accounting Standards Board recommended allowing firms to use quot;significant#39; judgment when valuing toxic assets on their books. Analysts interviewed…(a href=”http://www.mortgagenewsdaily.com/04022009_fasb_accounting.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=65284″ width=”1″ height=”1″
Weekly mortgage applications in the United States advanced for the fourth week in a row in the reference week March 27, according to data released by the Mortgage Bankers#39; Association (MBA) on Wednesday. The MBA reported a 3.0% week-over-week increase…(a href=”http://www.mortgagenewsdaily.com/04012009_mba_mortgage_applications.asp”read more/a)img src=”http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=64906″ width=”1″ height=”1″