Hugh Fitzpatrick's (hughfitzpatrick) Blog

New England Title is giving away two tickets to the Red Sox game on September 17th, 2010. Please see http://www.facebook.com/home.php?#!/pages/Tewksbury-MA/New-England-Title/165233565361?ref=ts&__a=10&ajaxpipe=1 , then go to discussions on how to apply to win. 

NEW YORK (AP) -- The rate at which U.S. homeowners fell behind on their mortgage payments remained stubbornly elevated in the second quarter. In the three months ended June 30, the number of mortgage holders 60 days or more behind on their payments was 6.67 percent, credit reporting agency Trans...

interesting article from yahoo finance   Nearly two-thirds of Americans believe the economy has yet to hit bottom, a sharply higher percentage than the 53% who felt that way in January," according to a recent Wall Street Journal poll. A growing and vocal minority of economists believes that ther...

As reported by yahoo finance   WASHINGTON (AP) -- Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks. The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said Th...

as reported by yahoo finance  The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments. Lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from...

As Reported by CNN Money   The weak economy and continued high unemployment has kept housing markets cool. As a result, the median price of a single-family home crept up just 1.5% to $176,900 in the second quarter, according to a report released Wednesday by the National Association of Realtors. ...

As many of you are aware, FHA just announced a new program for borrowers who have made their monthly payments but are underwater due to sinking values. Under the program, FHA is looking for voluntary participation from lenders to write down up to ten percent on principal for first lien holders; s...

Tewksbury, MA real estate attorney Hugh Fitzpatrick of New England Title discusses whether it's a good thing to escrow your taxes and insurance. http://www.netitle.net