Foreclosure rates continue to increase nationwide, with California, Nevada, Florida and Arizona still leading the rest of the country with home loans that have soured since the housing market began its slowdown almost 18 months ago.
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Preemptive federal “red flag” regulations, designed to strike at identity theft in its earliest stages, rolls out next year.
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A friend of mine was buying a new home recently and was very excited about the closing costs he was receiving from the builder. With the $20,000 closing costs and about $12,000 drop in price, he was counting the dollars he would save. There was just one catch in this real estate diamond — the [...]

read full story of "The Battle of the Interest Rate vs. Lower Closing Costs"