Walden Mortgage

Walden Mortgage Weekly Newsletter

Posted by Ashley Whitworth on Monday, February 11, 2013 at 7:51:34 PM By Ashley Whitworth / February 11, 2013 Comment

Another Sign Of Housing Strength - Taking Equity Out Again:

During the housing boom of the last decade Americans withdrew over $1 trillion in home equity. They did it through cash-out refinances, home equity loans, and home equity lines of credit. The latter allowed them to use their homes like an ATM. They spent the money on cars, televisions, vacations and fancy home upgrades. It was seemingly endless equity, until suddenly that equity was gone. But the Home Equity Line of Credit (HELOC) is back and millions of homeowners are tapping into their equity to put it back to work. Nationally there has been a 31 percent increase in HELOC's year-over-year. With home prices up 8 percent year-over-year in December,...

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Walden Mortgage Weekly Newsletter: January 23, 2013

Posted by Ashley Whitworth on Wednesday, January 23, 2013 at 9:05 AM By Ashley Whitworth / January 23, 2013 Comment

Housing Starts Best in Over Four Years:

The rebound in U.S. home building accelerated in December, capping the best year for the industry since 2008 and adding to signs that residential real estate is contributing to economic growth. According to Commerce Department data, New Home Starts climbed 12.1 percent last month to a 954,000 annual rate, which exceeded all forecasts of economists. Spurred by record-low mortgage rates, home construction will probably keep making headway in 2013 as it recovers from the worst slump since the Great Depression. Housing starts remain short of the 2.07 million in 2005 at the peak of the boom, which was three-decade high. They averaged 1.74...

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