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	<title>Mortgage Rate News</title>
	<link>http://www.banks.com/blogs/mortgages</link>
	<description>Find the latest mortgage rates, mortgage rate news and articles on the Banks.com Mortgage Blog.</description>
	<lastBuildDate>Fri, 06 Nov 2009 16:44:46 +0000</lastBuildDate>
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	<item>
		<title>First Time Home Buyer Tax Credit Extended</title>
		<description><![CDATA[Image via Wikipedia
The first time home buyer tax credit has been extended &#8212; and expanded. The $8,000 credit has been extended by six months, and there has been an expansion to include current home owners who want to buy. Current home owners can get a $6,500 tax credit when they look for a new home. [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/11/06/first-time-home-buyer-tax-credit-extended/</link>
			</item>
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		<title>Things to Consider When Buying a Foreclosure</title>
		<description><![CDATA[Image via Wikipedia
When it comes to buying a home, it is important to consider your options. And it is important to be aware of some of the main issues associated with buying a home. This is especially true if you want to purchase a home that is in foreclosure. Buying a foreclosure can be a [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/11/05/things-to-consider-when-buying-a-foreclosure/</link>
			</item>
	<item>
		<title>Personal Bankruptcy Filings Increase to Record Levels</title>
		<description><![CDATA[Image by theamericanroadside via Flickr
Technically, the recession may be over, but that doesn&#8217;t mean that individual financial problems are just going away. That&#8217;s not really how it works when it comes to personal finances. Instead, things are looking kind of desperate for some folks. The cumulative effects of a weak labor market and tighter credit [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/11/04/personal-bankruptcy-filings-increase-to-record-levels/</link>
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	<item>
		<title>Keep an Eye on Your HELOC</title>
		<description><![CDATA[Image by Getty Images via Daylife
Right now, many people are find it a rather tempting proposition to get a HELOC or some other type of home equity loan. After all, rates are quite low, and you can get a good deal. In some cases, you can get a HELOC for 1% below prime. And the [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/11/03/keep-an-eye-on-your-heloc/</link>
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		<title>Strategic Default: Foreclosure on Purpose</title>
		<description><![CDATA[Image by respres via Flickr
The news, of course, is that the recession is over. But, even though there has been a technical end to the recession, it doesn&#8217;t mean that things are suddenly going to get better. Indeed, there are still foreclosures likely, and the unpleasant fact that many people still can&#8217;t afford their mortgage [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/11/02/strategic-default-foreclosure-on-purpose/</link>
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	<item>
		<title>5 Scary Loans to Avoid</title>
		<description><![CDATA[Image via Wikipedia
        
 
  
   
Sometimes, it seems like we need something, and that a loan is the only way to get it. Before you decide to borrow, it is a good idea to think about whether you really need the money for something. [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/10/30/5-scary-loans-to-avoid/</link>
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	<item>
		<title>Is the Recession Over?</title>
		<description><![CDATA[Image via Wikipedia
It looks like the recession is over &#8212; at least technically. With Quarter 3 GDP numbers being reported today, it looks like the U.S. economy has moved from a period of loss into one of expansion. Economic data today was generally good, reports MarketWatch:
Along with improvements in key monthly figures on output and [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/10/29/is-the-recession-over/</link>
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		<title>Did You Already Miss the Housing Bottom?</title>
		<description><![CDATA[Image by Getty Images via Daylife
Many people have been trying to time the market, waiting to buy when the housing market hits bottom. However, there is an argument that the housing bottom has passed, and that the chance to buy at the bottom was earlier this year. With the Case-Shiller index showing that the housing [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/10/28/did-you-already-miss-the-housing-bottom/</link>
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		<title>Will the Housing Market Dip Again Next Year?</title>
		<description><![CDATA[Image by thinkpanama via Flickr
The news that home prices rose in August is not keeping Goldman Sachs from predicting that there will be a 10% dip in the housing market next year. Indeed, the current rise in home prices is likely due to increased demand spurred by the first time home buyer tax credit &#8212; [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/10/27/will-the-housing-market-dip-again-next-year/</link>
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		<title>Is the Next Real Estate Collapse on the Way?</title>
		<description><![CDATA[Image by Getty Images via Daylife
There are concerns that things may not be improving as much as hoped for the housing market. Sure, home prices seem to be stabilizing and the first time home buyer tax credit resulted in the sale of hundreds of thousands of homes. But another real estate collapse may be on [...]]]></description>
		<link>http://www.banks.com/blogs/mortgages/2009/10/26/is-the-next-real-estate-collapse-on-the-way/</link>
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