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Today’s Marketplace Archive


30-Year Mortgage Rates Remain Steady

RISMEDIA, April 15, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year mortgages remained relatively flat during the past week. Last week's rate was 5.10%, up slightly from 5.08% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website ...


Project Homeowner Helps Families Keep Their Homes

RISMEDIA, April 15, 2009-Chase and the California Hispanic Chambers of Commerce announced that their Project Homeowner community outreach effort will visit the San Diego Concourse on Saturday, April 18, 2009, from 10 a.m. to 4 p.m. ...


Real Estate Industry Heating Up

RISMEDIA, April 14, 2009-My wife and I recently attended our once-a-month cruise club cocktail hour, in which we are two of the only working stiffs in the group, as most of the members are retired. Obviously whenever I show up because of my real estate history in this area of ...


Facing Reality – Staying Optimistic in Today’s Economy

RISMEDIA, April 14, 2009-(MCT)-Optimism. For months, it's been in rather short supply. ...


How Your Clients Can Avoid Foreclosure

RISMEDIA, April 13, 2009-A total of 3.2 million foreclosure filings from default notices, auction sale notices and bank repossessions were reported on 2.3 million U.S. properties during 2008, a 225% increase in total properties from 2006, according to HUD statistics. ...


Lenders Flooded with Refinancing Applications as Mortgage Rates Fall

RISMEDIA, April 13, 2009-(MCT)-With mortgage rates dancing around a 65-year-low of 4.75%, homeowners are checking their credit scores and lenders are being deluged with refinancing applications. ...


Consumers’ Confidence in Banks on the Rise

RISMEDIA, April 11, 2009-Consumers' confidence in their own bank, and in the banking system as a whole, is improving for the first time since September 2008, according to a new Morpace survey. ...


NAR Pulse: This Week’s Top Stories from the NATIONAL ASSOCIATION OF REALTORS

RISMEDIA, April 10, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS include: REALTORS® say FHA is key to the housing rebound; financial solutions offered through NAR's REALTOR Benefits® Program; and April savings through the Right Tools, Right Now initiative. ...


41% of Workers Laid off in Last Three Months are Back to Work

RISMEDIA, April 9, 2009-Despite it being one of the most challenging hiring environments in the nation's history, 41% of workers who were laid off from full-time jobs in the last three months reported they found a new full-time, permanent position while another 8% found part-time work. This is according to ...


Mortgage Applications Increase in Latest MBA Weekly Survey

RISMEDIA, April 9, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending April 3, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1,250.6, an increase of 4.7% on a seasonally adjusted basis from 1,194.4 one week earlier. On an ...


With Affordability Up, Home Buyers Return to the Market

RISMEDIA, April 11, 2009-Thanks to record low mortgage rates and declining home prices, 55 million families - or half of all U.S. households - can afford today's $200,000 median-priced new home, according to figures released by the National Association of ...


Despite ‘Chicken Littles,’ Real Estate Markets Are Improving

RISMEDIA, April 8, 2009-April is now here and we're all starting to hear positive news, almost daily, about the real estate industry. Don't get me wrong - the "Chicken Littles" of the world are still out there, telling everyone who will listen that the sky is still falling. ...


30-Year Mortgages Stay Low and Stable

RISMEDIA, April 8, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained stable for the third consecutive week at 5.08%, down slightly from 5.09% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Meanwhile, rates ...


Survey Says Owners Still Overvalue Homes

RISMEDIA, April 7, 2009-(MCT)-Many home sellers are still out of touch with the changing housing market, a new survey shows. ...


Businesses Encourage Telecommuting to Drive Down Real Estate Costs

RISMEDIA, April 6, 2009-As recession-battered companies look to save money on real estate costs, a growing number of businesses are equipping their employees with Blackberry smartphones and laptops and moving them out of the main office as a way of reducing expenses. The Regus Group, one of the leading global ...


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