Less Negative Equity

Zillow reports that negative equity declined 18.8% during the first quarter of this year.  That’s more people that can now sell the home they have had since 2007 to purchase something that they really want.

There is a record number of Americans on disability right now at 10,996,447.

Thirty year FHA loans are still at 3.75% and Conventional loans are a bit higher at 4.125%. Fifteen year rates are down at 3.25% (APR will be higher, depending on the loan and down payment amounts, and amortization term–as closing costs and the presence of mortgage insurance affect each loan differently.)