What I learned from my home foreclosure

In 2006 I walked away from my first home and by the end of the year theforeclosure process was well underway. Unlike many families at the beginning of the housing bubble collapse, I didn’t lose my home because I over purchased or because I lost of my job. I lost my house as a side effect of a divorce. I …

Mortgage application and interest rates drop

Mortgage applications drop 2.6% after rising 4.1% the previous week despite continued low-interest rates. Refinance activity also dropped 1.6 percent, according to the MBA’s weekly survey, which covers more than three-quarters of all United States retail residential mortgage applications. Europe’s economy continues to tumble pushing interest rates to the lowest they have been this year. “Remarkably low rates are not …