Real Estate Market News

Source CNN Money – Real Estate

Why it takes years to save for a down payment
Coming up with a 20% down payment for a median-price home costs buyers two-thirds of their annual income, according to a new Zillow report. […]

Government-backed mortgages are about to get cheaper
The Federal Housing Administration will reduce the annual mortgage insurance premiums borrowers pay when taking out a low down payment home loan that is insured by the government. […]

Mortgage rates kick off new year with a drop
Average fixed mortgage rates dropped for the first time in 10 weeks, according to Freddie Mac. […]

Why you shouldn't panic about rising mortgage rates
The average rate for a 30-year fixed-rate mortgage inched up to 4.16%, but rates are still low by historical standards. […]

What a Fed rate hike means for you
Read full story for latest details. […]

Source – Housing Wire

• These housing experts will answer all of your Trump questions

  As the guard changes in Washington, so does the housing and mortgage finance industries we rely on for making our living. Do you have questions on what the Trump mortgage nation will look like? The editorial department at HousingWire gathered housing finance experts to answer all your questions. Don't miss your chance to get in on the action, completely FREE. […]

• Monday Morning Cup of Coffee: Who will lead HUD until Carson gets started?

  The expected next director of HUD, Dr. Ben Carson, is transitioning through the nomination process. So who will serve in the meantime? This guy will. Plus a full update on our favorite Ponzi schemer, Bernie Madoff. You won't believe what he is up to in prison. […]

• Ben Carson confirmation hearing had some bark, but where was the bite?

  Ben Carson easily sparked more controversy and concern than any other Department of Housing and Urban Development nominee, and yet when the time finally came to grill the potential future leader of HUD, the original uproar practically dissipated. By the looks of things, Carson as HUD secretary is all but locked in. […]

• Here are 4 steps Ben Carson should take as HUD secretary

  Past leaders of the U.S. Department of Housing and Urban Development often embraced one or two signature issues to define their stewardship of the agency. So what area is Future HUD Secretary Ben Carson most likely to focus on? One area will likely be health and housing. If so, here are four steps that Carson can take as future HUD Secretary to help bridge the policy gap between health and housing. […]

• The war around CFPB Director Richard Cordray

  The controversial position Consumer Financial Protection Bureau Director Richard Cordray sits in is only intensifying as government officials push to have him fired and policy groups urge consumers to defend him. The future of the CFPB and Cordray rests in the fate of two different situations, one of which became one of the top trending hashtags on twitter Monday. […]

Source – HouseLogic

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