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Then there’s also what Yun calls a "frozen" jumbo-mortgage lending market. That means a credit of $7,500, perhaps $8,000, or 10% of home price for first-time homebuyers. This windfall will not have.
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Your landlord got foreclosed. Do you have to go? – If so, don’t be fooled: Lenders can’t kick you out; they have to honor the terms of your lease. Of course, that doesn’t mean that some lenders’ representatives aren’t trying to scare people away..
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The wasted 4.44% mortgage rate – FORTUNE — It appears even the bright spots of this tired economy are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are.
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