WASHINGTON (AP) - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
DEAR BENNY: We have been renting a house with an option to buy for two years now. We recently learned from mail the bank has sent that the property was listed for foreclosure. (No, we have not opened the letters addressed to the owners, but they are from the bank that holds the mortgage and they have been coming every two weeks addressed to both lien holders.) We also received a letter from an attorney indicating that the property was listed for foreclosure.
As you anticipate what exciting things this year will bring, you might notice your home decor has been left behind. Fortunately, you can easily beautify and modernize your home using hints from design experts on the hottest color trends. Don't worry that you'll need to break the bank - simply updating the shades of your walls can create the feel of an entire new home without the cost of buying one. And you'll enjoy starting the year in fresh, contemporary surroundings.
DEAR BENNY: I am selling my house and received two offers on the same day: The first offer came in first thing in the morning, and I made a counteroffer. Several hours later there was another offer. My agent informed both buyers' agents of the competing offers and shortly after was informed by buyer's agent No. 1 that his clients had accepted the counteroffer. I rejected offer No. 2, as required, and started packing.
LOS ANGELES (AP) - Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.
WASHINGTON (AP) - President Barack Obama is proposing a program to allow homeowners with privately held mortgages to refinance at lower interest rates.
While the bathroom may be one of the smallest rooms in the home, it is also the area where we store a multitude of items, from cosmetics to cleaners, laundry to linens. With this in mind, it's easy for your bath to feel more like crowded, cluttered chaos than the spa sanctuary we long for it to be.
LEHIGH ACRES, Fla. (AP) - At Our Daily Bread Food Pantry, the conversation often centers on real estate. Once taboo details - home values and what people paid for their properties - are casually discussed, and there appears to be little shame in walking away from a mortgage or fighting the bank on a foreclosure.
Home sweet home. With more homeowners deciding to stay put in their homes, rather than attempting to sell in the current market, that old adage is more meaningful than ever.
To get a jump on the upcoming spring selling season, Woodside Homes has started a "40 Homes in 40 Days" sales event at communities throughout the Sacramento and Modesto regions. With a lofty goal of selling 40 homes in 40 days or less, the sales teams at all Woodside Homes communities are receiving daily updates and the authorization to do whatever they can to help homebuyers purchase a new home now.
A significant shift in consumer preference in new home purchases is the latest by-product of the still-struggling economy. The residential construction market is shrinking and so are houses.
WASHINGTON (AP) - A $25 billion settlement between the nation's major banks and U.S. states over deceptive foreclosure practices during the housing crisis is nearing completion.
Everyone loves granite for kitchen and bath countertops, but many homeowners find this option for adding value to their home, too pricey. When considering a kitchen update I found that granite typically costs $50 to $100 per square foot (including installation).
NEW YORK (AP) - Wells Fargo reported gains in its mortgage business for the fourth quarter on Tuesday.
When considering a home renovation, think outside the box for design inspiration and setting the overall tone.
When you think of the holidays, celebrations, presents and friends likely come to mind - not crime. Unfortunately, burglaries increase at this time of year, and your home could be a target. With a few simple safety precautions, you can protect your property, your family and your valuables now and well into the new year.
Bargain hunting is practically a sport, especially during the holiday shopping season. Deloitte's 2014 annual holiday survey predicts the average American will drop nearly $1,300 this holiday season. With that level of spending in mind, planning to save real money elsewhere is crucial to managing a household's bottom line.
Your porch should be a warm, welcoming outdoor living space that offers comfort and helps make a house a home. Whether you want to remodel your porch from the ground up, or just give it a refreshing new look and feel, it's easier than you think to create a perfect porch.
Are you looking for ways to update your home this new year? With so many fresh interior ideas available, it can be difficult to balance current design trends with classic styles for a look that is both of-the-moment and everlasting. Follow these guidelines to find a way to blend now and forever for a look you will love today and tomorrow.
WASHINGTON (AP) - Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year.
WASHINGTON (AP) - Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes.
Most first-time buyers can come up with the income to comfortably cover a monthly house payment but often lack the money needed up front.
WASHINGTON (AP) - Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.
One of the best ways to kick off the holiday season is to decorate. And while it's easy to load your cart with beautiful decor from your favorite store, Christmas is more personal when decorations are homemade.
Game night, girls' night or family reunion – your home serves as the backdrop for many occasions. Preparing your space for friends and family can feel like a heavy undertaking, but with a few simple entertaining tips, hosts can wave goodbye to anxieties.
Have you ever admired a coffee table cleverly fabricated using a discarded door sitting on a frame? Or been surprised by the sight of an old refrigerator reborn as a bookshelf or TV cabinet? Even bathroom fixtures have been known to draw notice (and a snicker or two) when repurposed as garden containers.
WASHINGTON (AP) - Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers.
From painting supplies to gardening and hand tools, buying well-made home improvement tools can help improve project results. The tools you use may be an investment, so you'll want to take care of them to ensure they last for more than just one project.
When it comes to renovating spaces in your home, the master bath should be top of mind. Leading master bath trends for 2015 go beyond functionality to incorporate features that complement the design aesthetic and provide a touch of luxury for lasting results.