Monthly Archives: September 2009

If your income slumped along with the economy, you’ve got plenty of company these days. So much so that the government has a program meant to help you out by cutting your mortgage payments to 31% of your gross income. … Continue reading →

By Shobhana Chandra Sept. 23 (Bloomberg) — Mortgage applications in the U.S. jumped last week to the highest level since May as lower borrowing costs spurred refinancing and purchases. The Mortgage Bankers Association’s index of applications to purchase a home … Continue reading →

By JEANNINE AVERSA (AP) – 1 hour ago WASHINGTON — Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Even … Continue reading →

By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) — The market value of U.S. homes rose by a seasonally adjusted 0.3% in July compared with June, the third monthly increase this year, the Federal Housing Finance Agency reported Tuesday. June’s price increase … Continue reading →

http://www.housingwire.com/2009/09/21/commercial-property-prices-slip-5-in-july-moodys/  Commercial real estate property prices slipped 5.1% in July, and are down 30.8% from the same time last year. The month’s decline put values 38.7% below the October ‘07 peak, according to the Moody’s/REAL Commercial Property Price Index (CPPI). … Continue reading →