Mortgage News, Real Estate News

Top Real Estate and Mortgage Headlines for March 26th

March 26, 2011 by · 1 Comment 

Earth Hour 2011 - March 26th, 8:30 PMThe weekend is in full swing and tonight the world will celebrate Earth Hour. What is Earth Hour? Every year individuals, businesses and communities are asked to shut off their lights for one hour to show their commitment to protect the one thing that unites us all…the planet.

Before we all collectively unplug and power down in support of Earth Hour, let’s take a minute to review what the top real estate and mortgage headlines are today according to the National Association of Realtors.

  • Real Estate Web Site Traffic Jumps 27%
    More Web visitors were eyeing real estate Web sites last year. Find out the most popular keyword searches when it comes to real estate.
  • Proposal Would Pay Defaulters to Leave Homes
    The nation’s five largest mortgage service providers were asked by regulators this week to consider an industry-wide “cash-for-keys” program, in which banks would pay delinquent borrowers up to $21,000 each to leave their home.
  • Mortgage Rates Edge Up This Week
    Still sitting below 5 percent, 30-year mortgage rates–a popular choice among home buyers–were on the rise this week but still remain at overall low levels, Freddie Mac reports.
  • Seller’s Market a Year Away, Survey Says
    More than 61 percent of Americans say that the tables will soon turn and a real estate market where the seller’s are more in control is at least a year away, according to a new survey.
  • Questions Raised Over Good Faith Estimates
    The lack of clarity in the revamped disclosure reforms for home buyers and borrowers can lead to delayed closings or the loss of a locked-in interest rate, says a spokeswoman for the Mortgage Bankers Association.
  • NAR Home Ownership Bus Tour Stops in Portland
    If you are in Portland, come out for prizes, information, and fun during the Home Ownership Matters Bus Tour at the Better Living Home Garden & Lifestyle Show on Saturday, March 26.

These are the top real estate and mortgage headlines for Saturday, March 26, 2011.

Want to know how these national real estate headlines could impact you right here locally in Northwest Indiana? Subscribe to this blog, Today’s Real Estate Reality, and let our collective years of real estate experience in Northwest Indiana guide you to an informed and successful real estate transaction today.

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One Response to “Top Real Estate and Mortgage Headlines for March 26th”
  1. If I didn’t know any better, Sheila Bair and the FDIC is trying to add fuel to the proverbial real estate fire. As a lawful, tax abiding citizen who pays my bills why would I want to pay defaulted homeowners to leave their home? Who else agrees with me or am I the crazy one?

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