Foreclosure is something no one wants to face, but it’s all too common a situation for many Florida families today. As such, I wanted to provide a little bit of information about Florida foreclosures, how they’re structured, and where you might want to look in the unfortunate case you and your family may be facing one.
Tag Archive: Economics
Home Buyers Are on the Move as Rates Stay Low and Pending Sales Rise
Realtor.org reported Tuesday that Pending Home Sales moved higher in December 2008. Actual home sales moving higher would surely make for better news – but pending sales – those which involve home sunder contract to sell but have not yet closed – will do for now.
Hey Winter Haven, I Have Gas! (But That’s Not Why I’m Smiling!)
TweetSorry about the title… but what can I say? Bathroom humor is funny! Besides, I really did fill up my gas tank today! Thankfully, gas prices fell nationwide yesterday for the 78th consecutive day. Flowing down to roughly $1.81 per gallon, the average price at the pump is less than 50% what it…
Dark Clouds Over Black Friday
Tweet Today is “Black Friday,” you know – the day when shoppers go absolutely stark raving mad, lose their sense of humanity, and knock each other down – even injure of kill one another – as they tear through their store of choice’s “DoorBuster” sale at the crack of dawn? Think I’m being…
Does Former Fed’s Selection as Chair Mean “Volcker’s Recession” Revisited?
Tweet Florida homeowners fearful of more job losses and a prolonged recession may have something to look forward to. Maybe. As part of his latest bid to reassure anxious consumers and weary financial markets, President-elect Barack Obama announced this morning that he has chosen former Federal Reserve Chairman Paul Volcker to Chair the President’s…
Consumer Mortgage Rates Changed Every 3 Hours, 38 Minutes Last Week… Pass the Exederin
TweetAs the stock market retraced to its 1997 level, mortgage markets improved last week — but not by much. Mortgage rates closed out the week slightly lower, but the week wasn’t without fireworks. Calls of deflation grew louder The automakers left Washington without a bailout (in their Learjet with briefcases filled with air rather than…
Plunging Housing Starts Is Bad News For Spring 2009 Home Buyers
TweetWhen it comes to housing data, there are always two questions to consider: How does this impact buyers? How does this impact sellers? This is why housing data is rarely positive or negative on a universal level — one group of Americans is going to see benefit. Today, it’s home sellers. From the government, we…
The 2009 FHA Loan Limits For Every U.S. County
TweetIn March 2008, HUD temporarily raised FHA loan limits around the country. Effective January 1, 2009, FHA loan limits revert. FHA home loans are mortgages made by private lenders and insured by the federal government. Historically, FHA home loans have been “easier” for which to qualify than their conforming mortgage counterparts and, therefore, tend…
Retail Sales Drop for 5th Straight Month. Mortgage Rates Still Volatile
TweetIn another week of up-and-down trading, mortgage rates ended the week slightly higher last week. Ping-pong action like this has defined mortgage markets lately. It’s increasingly common for rates to soar one day, and then come crashing down the next. In response to market volatility, mortgage lenders issued as many as 8 distinct rate…
Mortgage Rate Cafe: Today’s Special – Volatility with a side of Volatility
Tweet As global credit markets deteriorated in October, mortgage markets displayed an unnerving amount of volatility. Last week was no different. But, unlike in previous weeks in which rates improved on some days and worsened on others, mortgage rates were mostly higher last week, finishing the month on a surge. The biggest reason why mortgage…
