Author: Aly Chiman

All Posts TaggedTag: ‘mortgage’ Posted by in , , , with Three decades ago, Michael and Marlene Tallant would have loved to have mortgage interest rates that are available now — below 5 percent. Instead, when they purchased their first home in Dormont for $70,000, they had to work with a rate of about 16 percent. “We had a figure that we could afford, and since … Posted by in , , with To rent…

All Posts TaggedTag: ‘mortgage reform’ Posted by in , , , , with People buying homes in the country’s most expensive housing markets likely will face pricier mortgages starting in the fall.That’s when the current conforming mortgage limits are scheduled to expire, with limits for the most expensive markets falling to $625,500 from $729,750 in the contiguous U.S. On Friday, however, two lawmakers introduced a bill in the … Posted by in , , ,…

Posted by in , , , with Three decades ago, Michael and Marlene Tallant would have loved to have mortgage interest rates that are available now — below 5 percent. Instead, when they purchased their first home in Dormont for $70,000, they had to work with a rate of about 16 percent. “We had a figure that we could afford, and since those were the rates at that time, we decided to buy the house…

Posted by in , with Home-mortgage interest rates fell last week to the lowest point of 2011 amid signs of a slowing economy, according to the latest survey from Freddie Mac. “U.S. house prices indexes may be nearing a bottom soon,” Freddie Mac Chief Economist Frank Nothaft said, pointing to slower price declines in recent months and a reduction in the serious delinquency rate. At the same time, the U.S. economy has showed signs of…

Posted by in , , , with Mortgage applications for purchases rose to their highest level of the year last week, the Mortgage Bankers Association reports. Purchase applications for mortgages increased 12.5 percent from one week earlier, and on an unadjusted basis, purchase application activity is the highest since last May.“ An improving job market is beginning to pave the way for an improving housing market,” says Michael Fratantoni, MBA’s vice president of re and…