Mortgage Interest Rate Trends

Let’s face it; mortgage interest rates are hard to predict. In a perfect world, potential homebuyers would be able to see where the rates were headed, either up or down, so they could lock in on the lowest rates available in the immediate future. But a perfect world doesn`t exist and so all we can do...

Penthouse in NYC Listed for $100 Million

New York, August 1 (FinanceEnquiry.com) – A 8,000-square-foot penthouse in midtown-Manhattan has been listed for whopping $100 million. Long Island real estate developer Steven Klar is selling the penthouse that he purchased in 1993 for 4.5 million and spent almost equal amount in renovating it. An...

Mortgage Rates Slump to Record Lows

New York, July 7 (FinanceEnquiry.com) – Mortgage rates continued with their downward slide as they reached record lows this week. Lenders offered the 30-year loan at an average of 3.62%, down from the previous record low of 3.66%, set during the last two weeks. Freddie Mac said that the 30-year loan...

Mortgage short sale fraud running rampant in the reviving market

New York, June 30 (FinanceEnquiry.com) - If you have been following the news closely enough, you may already have got the news that, number of short sales in the mortgage or rather the real estate market is increasing. It has suddenly become the favorite option for the underwater homeowners. However, with...

Deciding if it is truly the ideal time to refinance your home loan

Low interest rates definitely mean that, it is the best time to refinance your home. Because, the main aim of refinancing is to ease the payments to be made on the mortgage. This is possible, only if the interest rate lowers and the payment term gets extended. A refinance program not only helps you lower the...

Penthouse in New York Sold for USD90 million

New York, May 19 (FinanceEnquiry.com) – An amount of more than $90 million for a Midtown Manhattan penthouse has been paid by an unnamed buyer. The amount is highest ever paid for an apartment in the New York. Although, the Extell Development Co, the seller, asked for $98.5 million for 10,923...

IIT-D students Develop Technology to Prevent Earthquake Damage

New York, April 23 (FinanceEnquiry.com) – Students and faculty at Indian Institute of Technology, Delhi (IIT-D) have come up with a earthquake resistant technology after 28 countries suffered huge losses due to the natural disaster on April 11. The technology that has been invented can be used to...

Home Prices Drop in Singapore

New York, April 02 (FinanceEnquiry.com) – As compared to the last three months, the prices of private homes in Singapore declined in the first quarter. According to the analysts, the decline was expected as the prices begin to crawl in October-December period following nine consecutive quarters of...

Mortgage Rates Hike 4 Percent

New York, March 23 (FinanceEnquiry.com) – Since late October, the average rate on a 30-year fixed mortgage has hiked 4% for the first time. However, the increase may not derail budding signs of strengthening in the US housing market. According to mortgage giant, Freddie Mac, the average rate on...

Home Re-sales Dip in US

New York, March 22 (FinanceEnquiry.com) – Last month, home re-sales dipped in the US, but the sales pace for the winter was the best in five years. A mild winter and a stronger job market flourished the sales ahead of the all-important spring buying season. According to the National Association of...

Building Permit Hits Highest Mark Request Since 2008

New York, March 21 (FinanceEnquiry.com) – The US builders are hopeful that the housing market will again gain momentum after seeing more people expressing interest in buying a home in the past six months. According to Commerce Department, in February, builders asked for 5% more permits to build...

Understanding Home Equity

Building equity into your home is one of the best ways to build wealth. In fact, many Americans are now planning to retire with the help of reverse mortgage, now that the social security and welfare system are almost bankrupt. It is important for a new investor to understand what home equity is and how it...