Pending home sales tick up in May (at MarketWatch) - Rising for the fourth consecutive month, pending sales of existing homes tick up in May, boosted by affordability and special incentives for first-time buyers, a real estate trade group reports.
Many say homeownership no longer a path to wealth (at MarketWatch) - Nearly half of American adults who participated in a recent survey said they no longer believe that homeownership is a realistic way to build wealth, the National Foundation for Credit Counseling reported on Monday.
Foreclosure-prevention plan gains steam: HUD chief (at MarketWatch) - About 200,000 mortgage modifications have been worked out under the governmentâs Making Home Affordable program, with 40,000 modification offers completed last week, Shaun Donovan, secretary of the U.S.
Mortgage rates tumble after three-week jump (at MarketWatch) - After hitting their highs for the year following a three-week run-up, mortgage interest rates charged on popular mortgages ease nearly a quarter of a percentage point on the heels of good inflation news, Freddie Mac reports.
Mortgage rates rise off record lows (at MarketWatch) - Mortgage rates rose this week after news reports suggested the economy may be approaching the bottom of the recession, Freddie Macâs chief economist said on Thursday.