There were no dry eyes today at the celebration/ceremony marking the raising of the walls of the first four homes in Habitat for Humanity’s “Homes for Heroes and Foundation for Families” neighborhood in San Juan Capistrano. Homes for Heroes is a pilot project for Habitat. Fourteen of the 27 homes to be built on a 2.7 acre site here will be marketed both to combat-disabled veterans and their families and to the surviving families of deceased veterans. It is anticipated that this program will be continued throughout other parts of the country.
McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.52 percent with an average 0.7 point for the week ending July 31, 2008, down from last week when it averaged 6.63 percent. Last year at this time, the 30-year FRM averaged 6.68 percent.
It’s a situation facing hundreds of thousands of people and the numbers are growing rapidly. Foreclosures aren’t just happening to people who over-leveraged themselves and got into risky loans. They are happening to homeowners who are getting divorced, facing health issues, needing to relocate for a job, and numerous other reasons. Regardless of how you may end up falling behind on your mortgage, knowing what to do next is critically important.
Foreclosure relief for home owners may be getting all the press on the new housing bill signed into law by the President this Wednesday. But there’s plenty of tax-related goodies sprinkled through the bill’s nearly 700 pages for sharp-eyed real estate investors.
Foreclosure relief for home owners may be getting all the press on the new housing bill signed into law by the President this Wednesday. But there’s plenty of tax-related goodies sprinkled through the bill’s nearly 700 pages for sharp-eyed real estate investors.