The National Association of Realtors® thanked Congress for speedy action in passing a congressional resolution yesterday that would extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits.
“NAR commends both houses of Congress for […]

Lenders commonly check with 3 credit bureaus to assess your payment histories. In cleaning up your credit, you should do so with each of the three credit bureaus. Cleaning up just ones does not affect the reporting to the others.
 Ask for a Free Copy of Your Credit Report
First you must request a copy of […]

Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®.
Existing-home sales - including single-family, townhomes, condominiums and co-ops - jumped 9.4 percent to a seasonally adjusted annual rate1 of 5.57 million units in September from […]

What’s Next for Interest Rates?
The economy has continued to show signs of gradual but consistent improvement over the past month, while the Federal Reserve has pledged to keep its target rate at zero to 0.25 percent for the next six weeks. As the mortgage market’s slow season begins, interest rates are most likely to stay […]

Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit.
One of the key ways to do that is for Congress to […]