Approximately 3.2 million underwater borrowers hold first liens without home equity loans. The average mortgage balance for this group of borrowers is $228,000. The average underwater amount is $57,000.
Approximately 3.2 million underwater borrowers hold first liens without home equity loans. The average mortgage balance for this group of borrowers is $228,000. The average underwater amount is $57,000.
During two panel discussions and a featured keynote speech by American Nobel Laureate Dr. Robert Shiller, presenters offered a variety of historical and forward-looking perspectives on the factors driving the real estate market.
During two panel discussions and a featured keynote speech by American Nobel Laureate Dr. Robert Shiller, presenters offered a variety of historical and forward-looking perspectives on the factors driving the real estate market.
“Fixed mortgage rates were slightly down as housing starts declined 2.8 percent in October below the upwardly revised September rate,” says Frank Nothaft, vice president and chief economist, Freddie Mac.
“Fixed mortgage rates were slightly down as housing starts declined 2.8 percent in October below the upwardly revised September rate,” says Frank Nothaft, vice president and chief economist, Freddie Mac.
