Archive for the ‘Latest News’ Category

Mortgage Rates Recover Modestly

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Mortgage Rates Recover Modestly Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday’s worst levels of the year.  Things looked relatively bleak as domestic market participants were greeted with flat trading levels vs Wednesday’s late day weakness and stronger economic data in the […]

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Housing Emerging Bright

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Housing Emerging Bright Even with the unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of 2012, Freddie Mac’s chief economist Frank E. Nothaft, and deputy chief Leonard Kiefer, see housing as an emerging bright spot.   In the February issue of Freddie Mac’s Outlook […]

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Nevada to Reduce Shadow Inventory

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Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. According to the Associated Press, Bruce Breslow, Director of Nevada’s Department of Business and Industry, wants to use federal and other funds to […]

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