Category Archives: Mortgage

South Florida foreclosure filings are up, but numbers may signal plateau

The recent surge of South Florida foreclosure filings is beginning to slow down, according to data from RealtyTrac. While the number of tri-county properties with foreclosure filings rose for the seventh straight month, there were only 10 percent more filings … Continue reading

Posted in Forclosure, Home Financing, Homebuyers, Market Watch, Mortgage, Mortgage Rate, Realtytrac, South Florida | Tagged , | Leave a comment

Miami sales prices up 17.7 percent, but gains reflect a complex picture

Distressed inventory made up 40 percent of all sales July 12, 2012 12:01AM By Alexander Britell The median sales price of Miami’s coastal residential properties rose 20.9 percent in the second quarter of 2012, compared to the same period in 2011, … Continue reading

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30-year mortgage rate drops to record 3.56%

WASHINGTON – July 13, 2012 – Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market. Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell … Continue reading

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How to snag mortgage rates in 3% range

NEW YORK – July 3, 2012 – Mortgage rates are at record lows, with 30-year fixed-rate mortgages – the most popular choice among homebuyers – averaging in the 3 percent range for the last several weeks. So how can homebuyers … Continue reading

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The Best IRA You Didn’t Know About

Real estate makes a great retirement plan: Put a rental property into an IRA, play by IRS rules, and you’ll grow your investment tax-free until retirement. When you put a rental property (a house, condo, land, or even commercial property) … Continue reading

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Should You Go Forward With a Reverse Mortgage?

Big lenders in the reverse mortgage business — Wells Fargo this month and Bank of America earlier this year — have pulled out of the market and won’t issue any new reverse mortgages. But MetLife and several smaller companies plan … Continue reading

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