Aims to limit mortgage insurance premiums for FHA borrowers. The House Financial Services Committee passed a bill Wednesday that will limit mortgage insurance payments on loans backed by the Federal Housing Administration. FHA loans more affordable The bill - H.R. 3141, ... » Learn More about FHA loans more affordable
Moving
Less homes selling higher than list price
Less homes selling at or over list price is declining, going back to historical norms, as outlined by CoreLogic's Home Price Index. That may be a relief to home shoppers whose budgets have been squeezed recently as home prices soared. Less homes selling higher than list ... » Learn More about Less homes selling higher than list price
The American dream makes a comeback
After Teresa and Mark Taunton short sold their $535,000 four-bedroom dream home in Celebration, Florida, at the conclusion of the real estate meltdown in 2011, buying another house was the last thing on their minds. The American dream makes a comeback "It makes you feel you could ... » Learn More about The American dream makes a comeback
New FHA standards affect buyers?
Some first-time and low- to middle-income home-buyers will probably be edged out of the housing market under tougher standards recently adopted by the Federal Housing Administration (FHA), experts say. Will new FHA standards affect home-buyers? The FHA, which insures ... » Learn More about New FHA standards affect buyers?
Fed Agrees to maintain Rates
The Federal Reserve voted unanimously on Wednesday to leave borrowing costs unchanged and says it's going to continue being “patient” about making any moves to its benchmark rate. The Fed’s vote came despite increased calls from the White House to reduce rates of interest. However the central bank ... » Learn More about Fed Agrees to maintain Rates