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July 17th, 2012

Mortgage news from around the web



Whats NextWe haven’t done this in quite some time…Today we’re going to take a glance at several mortgage and real estate stories making waves around the web. Here we go:

Mark Zuckerberg lands a dream mortgage

Or did he? While the social network tycoon landed an interest rate of only 1.05 percent, it can adjust to as high as 9.95 percent. This adjustable rate mortgage would likely be too much for any “normal” consumer to handle, our own Keith Gumbinger tells Amy Hoak of MarketWatch.com.

Buffett is bullish on housing

Should you take note? The on again, (often) off again housing market has many buyers and sellers stressed and confused. But Berkshire Hathaway Chairman and CEO Warren Buffett thinks housing is headed in the right direction (and with good reason). This video from the Motley Fool explains more.

HARP 3: Can we really expect millions more refinances?

How many more Americans can possibly qualify for a refi? Hasn’t every person who can refinance already done so? Not so fast. Each and every time mortgage rates fall a new audience has the opportunity to enter the refi arena. Loan officer Dan Green explains that newest refi plan could allow millions more to refinance. Read what Dan has to say.

Election year puts housing on hold

Finally, Michele Lerner, contributor to HSH.com, explores what (if anything) gets done during an election year. The answer: Not much. Be sure to read which important facets of the housing industry and which pending rule changes are being placed on the back burner because it’s an election year.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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