Monthly Archives: August 2012

Merriam-Webster Has Added The Word To Its Newest Edition  Earlier this month, Merriam-Webster, publisher of the Collegiate Dictionary, announced the list of new entries it’s adding this year. Photo via Huffington Post.  In addition to the new meaning of “underwater” … Continue reading →

Proposed regulation would apply to “high-risk” mortgages only Last week, federal regulators proposed rules that would require an actual physical inspection of the property before an appraisal could be submitted. This would prevent appraisals made on the fly purely on … Continue reading →

Pending home sales down 1.4% Month over month, contracts to purchase existing homes declined 1.4%, the second month-over-month drop in three months. The year-over-year trend, however, is in its fourteenth month of consecutive gains — demonstrated by the 80 metropolitan areas … Continue reading →

Average rate for 30-year fixed up to 3.55% The last week in July saw the average rate for a 30-year fixed drop to a historic low of 3.49 percent. Last week, Freddie Mac reported that the average rate had edged … Continue reading →