Mark Livingstone and
Cornerstone First Financial

have been named a

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Mortgage rates began to wander upward again just as the Federal Reserve announced that it would start winding down its stimulus program early next year. Before Wednesday’s announcement, mortgage rates already had started to climb, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average rose to 4.47 percent with an…

The Federal Housing Administration (FHA) relaxed its guidelines for borrowers who “experienced periods of financial difficulty due to extenuating circumstances. Known as the “Back To Work — Extenuating Circumstances Program” or simply the “FHA Back to Work Program,” borrowers with a recent history of bankruptcy (Chapter 7 or Chapter 13), foreclosure, judgment, short sale, loan…

Single-family new-home sales posted a sharp rise in October, up 25.4 percent from September, according to newly released Census Bureau data. That was a similar rate to last spring when the new-home market was taking off in recovery mode. Across the country, all regions posted double-digit gains in new-home sales in October. In the Midwest,…