Mortgage rates still falling, hit record lows
Mortgage rates have continued to fall over the past week, setting record lows for both 30-year and 15-year contracts, mortgage giant Freddie Mac stated Thursday. The 30-year benchmark now stands ...
Home buying at most inexpensive level in decades
NEW YORK (CNNMoney) — Buying a home has reached its most inexpensive level in more than two decades. Nearly 78% of homes sold during the first quarter were inexpensive to ...
Mortgage rates hit record low again
NEW YORK (CNNMoney) — Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row. ...
US Mortgage Rates Hit Record Low For 3rd Straight Week: Freddie Mac
U.S. 30-year fixed-rate mortgages hit a record low for the third straight week as concerns over the euro zone weighed on the economy, mortgage financier Freddie Mac stated Thursday. The ...
Eurozone crisis will mean higher mortgages in the UK, Bank of England warns
Millions of home owners in the UK are facing sharp rises in mortgage rates as a result of the chaos in the Eurozone, according to the Bank of England. The ...
Mortgage delinquencies drop to 4-year low
NEW YORK (CNNMoney) — The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers’ ...
Stamp duty changes push up UK mortgage activity
As expected, the end of the stamp duty concession led to a surge in activity in the mortgage market in the UK March, according to new data released this day ...
US April Housing Starts Rebound, But Permits Fall
U.S. builders began work on more homes than expected in April, government figures showed on Wednesday. But the data suggested that builders might also be slowing their future construction plans. ...
Mortgage Rates Increases: Wrong Questions, Wrong Answers?
Nothing excites Australians like house prices and mortgage rates. It is no surprise, therefore, that the recent decision by major banks to increase interest rates ‘outside the cycle’ – that is ...
Mortgage rates keep dropping, hit record lows
WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more inexpensive than ever ...
Consumer agency targets predatory lending
Richard Cordray, director of the Consumer Financial Protection Bureau, testifying on Capitol Hill in January. NEW YORK (CNNMoney) — The federal government is considering a new set of rules on ...
Another record low for mortgage rates
NEW YORK (CNNMoney) — Mortgage interest rates hit new lows this week as both the 30-year and the 15-year fixed-rates fell, according to a weekly survey by Freddie Mac. It ...
Freddie Mac To Name Former E*Trade Chief Donald Layton New CEO: WSJ
Freddie Mac (OTC: FMCC), the nation’s second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp. (Nasdaq: EFTC), as its new CEO as early ...
US Mortgage Rates Hit New Low Of 3.84%: Freddie Mac
U.S. 30-year fixed-rate mortgages fell to a new record low of 3.84 percent in the week ended May 3, following subdued economic data, mortgage financier Freddie Mac stated Thursday. The ...
30-year mortgage rates hit record low 3.84%
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to purchase or refinance homes. Mortgage buyer Freddie Mac ...
Mortgage rates hit record lows
NEW YORK (CNNMoney) — Average rates for both 15-year and 30-year fixed mortgages fell to new all-time record lows this week, according to a report released by Freddie Mac Thursday. ...
UK property market has had strong start, analysis of indices reveals
The residential property market in the UK has had a strong begin to the year despite continued economic gloom, according to an analysis of data from the leading house price ...
Housing chief blocked mortgage plan, 2 Dems say
An auction sign in front of a home, in Salem, Ore. By John W. Schoen, Senior Producer Updated Tuesday at 5:15 p.m. ET: A top U.S. housing regulator failed to ...
6 ways to get a great mortgage deal
Finding a great deal on an inexpensive house is no longer a problem but qualifying for a mortgage can be. (MONEY Magazine) — Finding an inexpensive house is no longer ...
Home ownership rate falls to decade low: poll
By John W. Schoen, Senior Producer The aftermath of the worst housing collapse since the 1930s continues to take a toll on the American Dream of owning a home. Echoing ...
Mortgage payments at lowest level in decades
(Money Magazine) — For today’s homebuyers, the weight of the monthly mortgage bill is the lightest it’s been in decades. Put 20% down on a median-priced ($154,400) existing home, and ...
March saw a spike in mortgage lending in the UK, CML data shows
Gross mortgage lending in the UK in March was an estimated £13.4 billion, a 30% rise from £10.3 billion in February and a 17% rise from a year ago, according ...
U.S. Mortgage Rates Rise Slightly: Freddie Mac
U.S. 30-year fixed-rate mortgages rose slightly to 3.90 percent in the week ending April 19, mortgage financier Freddie Mac stated Thursday. The 30-year rate was up from 3.88 percent in ...
Mortgage Rates Fall On Poor Job Growth: Bankrate.com Report
Mortgage rates fell this week over disappointment over March’s job growth numbers and uncertainty about the on-going debt crisis in Europe and slower projected growth in corporate earnings, Bankrate.com reported ...
15-year mortgage rate hits record low
Mortgage rates fell over the past week, sending the 15-year benchmark to a record low, mortgage giant Freddie Mac stated Thursday. While 30-year fixed-rate mortgages are more common, low mortgage ...
Underwater owners get promise of help
(MONEY Magazine) — If falling prices have left you with a mortgage larger than your home’s value, you may soon be able to refinance at a lower rate. To settle ...
Mortgage rates tumble back into record territory
NEW YORK (CNNMoney) — Mortgage rates fell this week, with the 15-year fixed rate hitting yet another record low, amid news of weak job growth during the month of March. ...
Mortgage servicers targeted by new rules
Richard Cordray, director of the Consumer Financial Protection Bureau, is set to announce new rules are under consideration for mortgage servicers. WASHINGTON (CNNMoney) — The Consumer Financial Protection Bureau will ...
FHA to make it harder to land a mortgage
NEW YORK (CNNMoney) — The Federal Housing Administration is about to make it even tougher to borrow money from Uncle Sam to buy a home. Starting April 1, borrowers in ...
Low-ball appraisal: Mortgage denied
This home outside Mobile, Ala., sold for $180,000 but the appraisal was low at just $170,000. The buyer ultimately won an adjustment. NEW YORK (CNNMoney) — You find the home ...