Hub News

Experts Weigh in on When to Refinance

With interest rates falling to record lows in recent months, more homeowners have been refinancing their mortgages than ever before. Still, there are plenty who didn’t jump on the bandwagon, and that’s ok. The Wall Street Journal asked John Schleck,

U.S. New-Home Sizes Set Record in 2014

Houses in the United States continue to get bigger and bigger, as new-home sizes reached a record high in 2014. According to the Commerce Department, the median size of new homes completed in 2014 was 2,415 square feet, up slightly

Low Inventory Could Lead to Slow Spring Sales

According to a new report by CNBC, home prices are beginning to soar once again, as the number of houses for sale continues to remain low. And, as one expert points out, that could mean bad news for springtime home

Report: Goldman Sachs Could Face Mortgage-Bond Lawsuit

The Wall Street Journal’s MarketWatch reported on Monday that Goldman Sachs Group Inc. could soon be hit with a mortgage-bonds lawsuit stemming from the 2008 financial crisis. According to the news site, the financial giant was informed by federal prosecutors

Report: HUD Gives $37M in Subsidies to Wrong People

CNBC reported on Friday that more than $37 million in monthly housing subsidies for people in need landed in the wrong hands last year, and it’s all because the Department of Housing and Urban Development has not yet figured out

Mortgage Rates on the Rise for Second Consecutive Week

Although fixed-rate mortgage rates remain at historic lows, Freddie Mac revealed on Thursday that they have risen for the second consecutive week. According to the organization’s Primary Mortgage Market Survey, 30-year fixed rate mortgages averaged 3.76 percent this week, up

Dallas Home Prices on the Rise

Home prices in Dallas, Texas, have surged over the last year, with experts pointing to the “severe shortage of inventory” as the cause. According to the MetroTex Association of Realtors, the media price of a home in Dallas was 12.3

Outlook Is Bright as Zillow and Trulia Merge

The two most popular real estate search engines now reside under one roof, as Zillow has completed its acquisition of Trulia. According to CNBC, shares of Zillow rose more than 10 percent on Wednesday, as a result of the news

U.S. Moving Toward Mortgage Crisis Investigation on Individuals

United States Attorney General Eric Holder announced on Tuesday that he has given his fellow U.S. attorneys 90 days to determine whether they may be able to bring cases against any individuals for their roles in the 2008 financial crisis.

Refinancing Today Could Be Beneficial for One in Three FHA Borrowers

The Urban Institute reported on Monday that nearly one in three FHA borrowers could save a significant amount of money over the course of their home loans if they were to refinance today. With President Barack Obama’s proposed 0.5 percentage

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