A friend of mine bought 3 houses about a year or two ago, speculating that housing prices will go up. With no strategy in mind he recently lost his job and was stuck with 3 mortgage payments. He is a victim of a sub prime loan. I was puzzled when he got approved on all […]

 
BOSTON (MarketWatch) — Greg McBride, senior financial analyst for BankRate.com, says that many would-be home buyers are about to be stripped of a misperception, namely the idea that when the Federal Reserve Board is cutting interest rates mortgage rates will fall as a result.
In a radio interview with Chuck Jaffe, MarketWatch senior columnist, McBride […]

Home resales slipped for the sixth month in a row in August as the credit squeeze forced many sales to fall through, the National Association of Realtors reported Tuesday. With sales of existing homes falling 4.3% to a five-year seasonally adjusted low, inventories of unsold single-family homes rose to an 18-year high. Meanwhile, a separate […]