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Economic News

RealtyTrac: Foreclosures at 40 month low

According to RealtyTrac's latest U.S. Foreclosure Market Report, the number of foreclosures taking place during April was the lowest in 40 months.

Freddie Mac: 30-year fixed-rate mortgages drop to 4.63 percent

According to the weekly Freddie Mac report regarding mortgage rates, both 30-year and 15-year fixed-rate home loans were down during the week ending May 12. 

MBA: Mortgage application volume up 8.2 percent week-over-week

According to the Mortgage Bankers Association's most recent survey of mortgage applications, volume was up 8.2 percent for the week ending May 6.

Mortgage rates drop to lowest levels of year

Mortgage rates in the U.S. continued their downward trend last week, dropping to their lowest levels of the year.

Bernanke press conference may bode well for economy

Ben Bernanke became the first Federal Reserve chairman to hold a press conference last week, and based on survey findings of how it was received, it likely won't be the last one he gives.

Study finds a high percentage of people are devoting more of their income to rent payments

A new report from an Ivy League institution is adding fuel to the fire that people are still financially recovering in the wake of the global recession.

Consumer confidence edges up slightly in April

With so much negative news regarding the real estate sector, some industry analysts expected consumer confidence to decline in April.

Survey: Americans dour on nation's economic health

Though recent reports indicate the economy may be showing signs of improvement, the effects don't appear to be rubbing off on a majority of Americans.

Survey: Only half say their property is worth more than they owe

From kids being in a school they really like, to finances, to really enjoying their current community, several factors can get in the way of families' moving plans.

Mortgage rates rise but stay below 5 percent

A new report is indicating that mortgage rates are rising, but they're still historically low, signaling it still may be a good time to finance a home for people planning on moving.