Category: Home Loans

Builders worry about credit and rise in mortgage rates

While new home builders are optimistic about a housing turnaround in 2013, there is a concern that rock-bottom mortgage rates will eventually begin to rise, scaring off potential buyers and hampering credit apps for higher-end homes. Read the full story here.

Housing gains traction in 2012 Prices up 7.3 per cent

The housing market recovery picked up steam in the final three months of last year, with prices rising at an annual rate of 7.3%, according to S&P Case-Shiller, while a government report showed sales of new homes also shot up higher.

Home loan deliquencies plunge

Mortgage delinquency rates are down to their lowest level in five years. Credit reporting firm TransUnion says only 5 percent of people with home loans were at least two months behind with their payments in the final quarter of 2012. That’s compared with 14 percent the year before. This finding means that in the future […]