Mortgage News
30-year mortgage rate falls to 3.88%
Apr 13th
The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for some. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.88 percent from 3.98 percent. That’s just above the rate of 3.87 percent reached in February, the lowest since long-term mortgages began in the 1950s. More >
Home owners has an opportunity to reduce mortgage rate
Apr 13th
Economic recession has resulted in rising unemployment which has increased the incidents of home re-possession by mortgage lenders. On the other hand interest rates have come down considerably in last few years. These two trends now offer opportunity for home owners to reduce their mortgage payments by exploring the refinance option. But this is not a simple process, it is almost as complicated as securing an original mortgage. More >
Mortgage war combatants losing taste for battle
Mar 23rd
Canada’s lenders are growing weary of the mortgage war. Having been drawn into a price battle after Bank of Montreal (BMO-T 59.290.440.75%) dropped mortgage rates to historic lows in a rush to grab market share, some lenders have lost their appetite for thinning margins. More >
Obama extends mortgage help program
Jan 27th
The Obama administration is extending its home mortgage assistance program for a year, and expanding the number of homeowners who could be eligible for it.
“The administration is committed to a multi-pronged effort to support American homeowners to help heal our nation’s housing market,” said a statement from the Treasury Department. More >
Mortgage Applications Increased 23% Last Week
Jan 20th
Mortgage applications increased 23.1 percent from one week earlier (last week’s results included an adjustment for New Years Day), according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2012. More >
Consumer Mortgage Protections Sought
Jan 6th
In its first action under its new director, the Consumer Financial Protection Bureau (CFPB) is taking steps to supervise a big chunk of the mortgage industry and other nonbank financial business that had previously gone unregulated. The CFPB launched its “Nonbank Supervision Program” one day after President Obama used a controversial recess appointment to name Richard Cordray, a former Ohio State Attorney General, as the agency’s first director. More >
Property prices inch forward despite difficult conditions
Dec 30th
Household finances might be in the doldrums but property prices still managed to creep up by 1% in 2011, according to the latest figures from the Nationwide. The building society said that, while prices had dropped by 0.2% in December, over the year the value of the average house has risen to £165,798. More >
Mortgage Rates Again At Or Near Record Lows
Dec 16th
The average for 15-year, fixed-rate residential mortgages — a popular option for refinancing — hit another all-time low this week and 30-year, fixed-rate home loansmatched a record low.
Real estate radio show looking to make waves
Sep 25th
Real estate junkies looking for deals should tune in to a new Sunday morning radio show.
“Good morning, you are listening to Real Estate Best Buys, the place for real estate best buys,” Jeff Popick speaks into a microphone.
From a radio station in south Lee County, Popick and co-host, Jeff Tumbarello, spend one hour discussing the best deals in local real estate.
“I’ve got some killer deals,” Popick said. More >
Maine couple settles in NH mortgage case
Jul 16th
A Maine couple who lost about $850,000 through a failed New Hampshire mortgage firm have settled their claim for far less.
Al and Susan McIlvene of Kittery Point will receive $155,000 from the bankruptcy trustee of the estate of Meredith-based Financial Resources Mortgage. More >
