News for Prescott AZ - AmericanTowns.com

Wednesday, May 30, 2012

Newsdesk | May 25, 2012

 

Top News
More than 30% of mortgage borrowers still underwater
CNN Money - rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow. The percentage of borrowers who owed more on their home than it was worth increased to 31.4% during the quarter, up...

Market News
Thirty-year mortgage rate falls to record 3.78%
USA Today - The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year. Mortgage buyer said Thursday that the rate on the 30-year...
Record Low Mortgage Rates Fuel Third Consecutive Increase In Refinance Applications
Mortgage Bankers Association - Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications...
Sales of existing homes increase in April
USA Today - Existing home sales rose last month, offering further evidence that the U.S. housing market is on track for a slow and bumpy recovery. In April, existing home sales were...
Preliminary LPS Report Shows Slight Rise in Delinquencies After Declines
DSNews.com - Lender Processing Services (LPS) provided a peek into month-end data for mortgage performance in April, and reported after 9 months of declines, mortgage delinquencies increased. The total delinquency rate for...
Welcome to the mortgage-free housing recovery
CNN Money - cash buyers and investors looking to turn properties into rentals, which suggests the recovery, can continue even if mortgage lending remains tight, according to Capital Economics. From this time a year ago, sales of existing homes rose by 10% and by 14.1% since the low...

Technology News
Hands-on: Yahoo’s Axis Browser
PC World - you create a tab via the tiny icon at the bottom left of the screen. Overall, Yahoo’s Axis browser is fast and simple to use and the read later syncing feature across devices works as advertised, but it’s not a new idea – Chrome and Safari have...

 

Other News
Hot Industry: Residential Construction
Inc.com - Still, she says, "I think the benefits of cashing in on the mounting demand in the housing market far outweigh these barriers. ... It's highly competitive, but that doesn't mean it’s not going to create opportunities for people...
Toll Brothers returns to profit in 2nd quarter
CNBC - Toll Brothers returned to profitability in the second quarter as a growing confidence in the beleaguered housing market drove up home deliveries and the company reported a backlog. The Horsham, Pa., homebuilder was also had lower write-downs and a...

 

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