CNN money Reports- 1 million homes reposessed in 2010

1 million homes repossessed in 2010

By Les Christie, staff writer--January 13, 2011: 10:05 AM ET

NEW YORK (CNNMoney) -- Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year.
In total, there were nearly 2.9 million foreclosure notices filed during the year, according to report released Thursday by RealtyTrac. That was a record high, but just 1.7% above 2009.

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Mortgage rates dip after weeks of rising

NEW YORK — Rates on fixed mortgages dipped this week after rising steadily over the last two months.
Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 4.77 percent from 4.86 percent the previous week. It hit a 40-year low of 4.17 percent in November.
The average rate on the 15-year loan slipped to 4.13 percent from 4.20 percent. It reached 3.57 percent in November, the lowest level on records starting in 1991. Rates have been rising since November. Investors have shifted money out of Treasurys and into stocks. Many expect the tax-cut plan will fuel economic growth and increase inflation. Yields tend to rise on inflation fears.

Mortgage rates tend to track the yield on the 10-year Treasury note. Those rates have been fluctuating in recent weeks.
Low mortgage rates did little to boost home sales last year and higher rates now could hamper a robust recovery.

CNN Money Reports- What Will Happen With Real Estate Market?

Bull vs. Bear: Will housing rebound?

Posted by Nin-Hai Tseng, writer-reporter

December 27, 2010 3:00 am

It's a question many Americans want answered: Will the value of my home rise or fall next year? Smart minds fall in both camps -- here are both sides of the coin on real estate.
One of the most closely watched sectors in 2011 will continue to be real estate – a wildly emotional and divisive topic that's puzzled investors and economists since the housing bubble burst around 2007. Earlier this year, many observers thought the market would turn around in a big way as federal tax credits spurred home purchases and the economy added jobs following hundreds of billions of dollars of government stimulus spending.
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CNN Money Report:The wasted 4.44% mortgage rate

Historic Low Mortgage Rates, Ample Inventory,  Where is the Boom?

 

by Nin-Hai Tseng, reporterAugust 16, 2010: 5:17 AM ET

FORTUNE -- It appears even the bright spots of this tired economy are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are still unable to take advantage of them.
Like it is in so many parts of today's sideways economy, relief is out of reach. Stimulus dollars are everywhere, but somehow never where they're needed most. CLICK HERE FOR FULL ARTICLE