Many people think owning a home is always a good investment. While that’s often true, there’s a risk that you could end up with an underwater mortgage. But what is an underwater mortgage exactly? This ...
(BPT) - When the federal Home Affordable Refinance Program (HARP) launched in 2009, millions took advantage, but many other homeowners found they couldn’t qualify to refinance their underwater ...
In total, 2.1% of outstanding U.S. homeowner mortgages are underwater—up from 1.3% a year ago. Want more housing market ...
Forbes contributors publish independent expert analyses and insights. Roger Valdez writes about housing economics and policy. The Intercontinental Exchange (ICE) recently produced a report that ...
One in every four Chicago homeowners owes more on his or her mortgage than the home is worth, according to a study reported on by the Chicago Tribune. The report, compiled by California-based firm ...
A new report shows that 28.6% of homeowners with mortgages owe more on their loans than the actual worth of the house. The data, released by real estate website Zillow, shows a 1.8% increase in ...
Doris Ducre of Richmond, Calif., is like millions of other homeowners in this country. She works a 9-to-5 job. She pays her bills. She's current on her mortgage. But Ducre (pictured above) feels like ...
The rate on a 30-year fixed refinance climbed to 6.36% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.4%. For 20-year mortgage ...
The Federal Reserve is signaling that aspiring home buyers expecting more interest-rate relief might have to keep waiting. That delay is exposing a deeper problem in the housing market as hundreds of ...
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