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Mayor reassures residents the housing market is strong in East Baton ... - WAFB.comBATON ROUGE, LA (WAFB) - Mayor Kip Holden called a news conference Monday to clear up what he calls "misunderstandings about Louisiana's housing market in the national media." "Our market is strong. The money is available for lending and the sky is ...
Fed debt plan shaves nearly 1 point off mortgage rates - Houston ChronicleU.S. mortgage rates dropped by the most in at least seven years as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed. The average rate for a 30-year fixed mortgage fell ...
U.S. Mortgage Rates Drop Most in Seven Years on Fed Debt Plan - BloombergNov. 26 (Bloomberg) -- U.S. mortgage rates dropped by the most in at least seven years as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed. The average rate for a 30 ...
House values decline again - Seattle Post IntelligencerValues in King, Pierce and Snohomish counties decreased 9.8 percent from September 2007 and 1.4 percent from this August, according to Standard & Poor's S&P/Case-Shiller Home Price Indices. The year-to-year drop was the eighth consecutive record for ...
Mortgage Rates Tumble on Fed Debt Purchasing Plan (Update1) - BloombergNov. 26 (Bloomberg) -- U.S. mortgage rates plunged by the most in at least seven years yesterday as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed. The average rate ...
As house prices fall, sales in Mass. rise - Boston GlobeFalling home prices are drawing out bargain hunters. New housing data show a healthy pickup in the number of single-family homes sold in recent weeks, while prices continue to drop. Home sales were up 14 percent in October, over the same period in ...
Want a mortgage? Rates fell sharply Tuesday - Detroit Free PressA sharp plunge in U.S. mortgage rates Tuesday gave lenders and home buyers a lot to be thankful for — and spurred the biggest loan application day in Livonia-based Quicken Loans’ history. U.S. mortgage rates dropped Tuesday to 5.5% on average for ...
Mayor: Baton Rouge real estate remains healthy - Baton Rouge AdvocateBy Halloween, sales of Baton Rouge-area homes had climbed to 6,413 and produced $1.29 billion in income — impressive numbers in a vacuum. Yet 2008 has begun to look a bit scary for local real estate. The last time home sales were this low 10 months ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. In a season of disappointment for investors who bet on pending mergers and acquisitions, there may be some relief in sight. First, shares of ...
Obama urges action on economy - Knoxville News SentinelCHICAGO - Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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