HARP Program Extended
Homeowners still underwater in their mortgages may qualify for H.A.R.P., Home Affordable Refinance Program relief. The program was due to expire the end of the year, but has now been extended for two more years into 2015. The industry is happy to write these loans with government backing, particularly when markets and prices are improving.
Home Prices Rising Quickly
Home prices are rising at an annual pace of more than 13% according to the S&P Case-Shiller Home Price Index. Price increases are driven mainly by activity in the west, with San Francisco, Los Angeles, and Las Vegas very involved.
Pending Home Sales Slip
The National Association of Realtors reports that contracts signed to purchase previously-owned homes slipped for the fifth straight month in October.
HARP Program Extended
Homeowners still underwater in their mortgages may qualify for H.A.R.P., Home Affordable Refinance Program relief. The program was due to expire the end of the year, but has now been extended for two more years into 2015. The industry is happy to write these loans with government backing, particularly when markets and prices are improving.
Home Prices Rising Quickly
Home prices are rising at an annual pace of more than 13% according to the S&P Case-Shiller Home Price Index. Price increases are driven mainly by activity in the west, with San Francisco, Los Angeles, and Las Vegas very involved.
Pending Home Sales Slip
The National Association of Realtors reports that contracts signed to purchase previously-owned homes slipped for the fifth straight month in October.