|
|||||
|
Affordable Financial Services is reminding everyone that April is Credit Scores Education Month. Those who are looking to apply for a mortgage should check their credit score, as the federal government has tightened its lending requirements. Credit Scores Education Month is a month-long campaign sponsored by the Consumer Bankers Foundation and the Leadership Conference on Civil … Continue reading April is Credit Scores Education Month The Census Bureau released estimates on Wednesday that sales of new single-family homes last month were at an annual rate of 250,000 units, down 16.9% from an upwardly revised figure of 301,000 units in January and down 28% from the February 2010 figure of 347,000. It was the lowest level since the federal government started … Continue reading Affordable Financial Services Weekly Finance Review The Commerce Department reported this week that housing starts fell 22.5% in February to 479,000 units, from an upwardly revised January figure of 618,000 units. It was the biggest decline in 27 years and finished just above a record low set in April 2009. Building permits — a hint of future construction demand — fell … Continue reading Affordable Financial Services Weekly Finance Review CNNMoney recently reported that the number of foreclosures in February fell 14%, compared to January and 27% compared to February 2010. According to RealtyTrac, that is the largest year-to-year drop the company has ever recorded. While some see this as a sign of recovery in the housing market, the company says part of the decline … Continue reading Affordable Financial Services Weekly Finance Review The number of mortgage applications fell 6.5% last week, according to the Mortgage Bankers Association. The MBA also reported that refinancing activity also fell by 6.5% to 64.9% of total applications last week, down from 65.7% the week before. The four-week moving average for all mortgage applications was down 2.5%. Adjustable-rate mortgages made up 5.5% … Continue reading Affordable Financial Services Finance Review |
 |
||||
|
Copyright © 2012 Affordable Financial Services Blog - All Rights Reserved |
|||||
Recent Comments