Top 5 posts of the day for 7/8/2009 1) Home loan refinancing anti-foreclosure effort results disclosed – Loan modifications are up this year, but is it really enough to make a difference on upcoming foreclosures?

2) Mortgage rates continue to drop – After going up for the last month, mortgage rates seem to be inching back down slowly.

3) PMI: US Home prices likely lower in 2 years – PMI Group is estimating home prices in the US will drop even more over the next two years. This is why national housing starts don’t mean a lot, all real estate is local.

4) Requirements to qualify for an Obama Mortgage refinance loan – Are you looking to refinance under the new government programs? This post has a good summary of basic requirements.

5) Looks like HVCC is slowing home sales – HVCC, my favorite subject these days. While many are out there saying HVCC has not had a negative impact, I know very well from experience that at least in AZ that is not the case. In AZ it has greatly effected the real estate market.