Charleston Real Estate Blog

In the administration's continuing effort to successfully help underwater borrowers be able to refinance their mortgages at today's record low interest rates, one more plan has been announced using FHA financing and costing from $5 to $10 Billion. Here's more from the Washington Post. But since it will require congressional ...

A couple of big stories out there in the Financial World have my attention and it's only my opinion but I can't help but give a BIG FAT F on my report card. Unlike almost everybody from surprisingly on both the left and the right, I don't blame Fannie and Freddie for causing the housing mess. I think it was reckless lending and ...

South Carolina (and from what I'm hearing, especially Charleston) will be the center of the political universe for the next 10 days as the Republican primary heads to the South. The bad news, the ads have already started. The good news, lots of money will be spent by the candidates and most especially by the media covering the primary. And ...

... for the candidate of your choice but most importantly, just vote. Elections are being held today for Mayor in Charleston and North Charleston. Mount Pleasant is holding an election for town council. Joe Riley, the long time serving Mayor of Charleston is running once again and Keith Summey, the not quite as long time serving Mayor ...

The administration is to announce a turbo-charged HARP (Home Affordable Refinance Program) today in Nevada, the foreclosure capital of the United States designed to allow underwater homeowners who are current on their mortgage to refinance at lower rates if their loans are owned by either Fannie Mae or Freddie Mac in a streamlined ...

... as part of a bill that the House passed to keep the government running through November 18 according to Housing Wire. The Senate passed the measure last week. The President is expected to sign it but a longer term (5 year) solution is necessary in order to have a properly functioning real estate market. As we've seen especially ...

I'll skip commenting on whether S&P downgraded US debt as payback for being hauled before Congress after giving AAA ratings to the toxic waste otherwise known as CDO's of mortgage backed securities or whether they may or may not have $2 Trillion dollar mathematical error or whether those rascals in Washington will ever get serious ...

Mortgage rates declined by a quarter point from Friday not so much do to the agreement on raising the debt ceiling but due to slowing economic growth. Today's "surprise" report that consumer spending declined in June won't do much to raise rates either because basically, bad economic news is good news for mortgage rates. So ...

With just a few days before the debt ceiling "crisis" deadline, Charleston mortgage rates are basically unchanged from previous quotes. But the stock market is down due to both the lack of progress on the debt ceiling and 2Q GDP growth reported to be sluggish. 10 Year US Treasuries are higher which means that interest rates ...

Let's go with the twit. Here's another one for the hall of shame, the one and only Anthony Weiner of NY is the most recent politician whose sexual misadventures got him in trouble. And if you wondered why government efforts to get the economy back on track haven't been as successful as we might have hoped, between corrupt ...