Hard Hit Neighborhoods Get $1B From HUD

Day: September 13, 2010

Hard Hit Neighborhoods Get $1B From HUD

Hard Hit Neighborhoods Get $1B From HUD

With foreclosures on the rise, communities are often left with properties that turn into eyesores – vacant, not maintained, falling apart. Last week, HUD awarded an additional $1 billion to state and county governments to help communities clean up the effects vacant homes. This is the third round of the Neighborhood Stabilization Program funding, designed…  Continue Reading

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Mortgage Rates Tip-Toe Higher, Housing Sales Remain Sluggish

Mortgage Rates Tip-Toe Higher, Housing Sales Remain Sluggish

For the second time in the last 12 weeks, rates for a 30-year fixed rate mortgage have tip-toed higher, now sitting at 4.35%. While yes, this is an increase, it doesn’t necessarily signal an upturn in the overall housing situation. In fact, home sales remain sluggish, and it’s not because of mortgage rates. The historically…  Continue Reading

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