Friday, May 6, 2011

6 real estate headlines: 06-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Baby boomers DC's fastest growing population
Washington Examiner
: More empty nesters and twentysomethings are living in the District and are largely responsible for the city's first population boom in 50 years, new census data show.
A look inside the foreclosure pipeline
: The subprimes, Alt-A's, the bad lending of the housing boom, have largely moved through the system already, and big banks and servicers are getting more aggressive with loan modifications.
So, you're self-employed and want to buy a home
DC Urban Turf
: Self-employed borrowers can get the same interest rates as their salaried peers, but they have to go a little farther to show lenders they're capable of borrowing a sizable sum of money.
Vets: Don't overlook a VA loan for refinance
: If you have improved your credit, been self-employed long enough for your income to be counted, if your condo has obtained VA approval, or if you can get a better interest rate with VA financing.
Mortgage rates hit 5-month low
Housing Wire: Freddie Mac released its mortgage rate findings, which show the 30-year, fixed-rate mortgage dropping to 4.71% and the 15-year FRM hitting a new yearly low of 3.89%.
Madonna's childhood home priced for a song
Wall Street Journal
: Madonna shared the two-story colonial with her seven siblings until she left home at the age of 18 to become, well, Madonna.

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