30-year mortgage rate drops to 3.98%
WASHINGTON (MarketWatch) -- The average rate for a 30-year fixed-rate mortgage dropped to 3.98% in the week that ended July 30, falling to the lowest level in almost two months, from the prior week's reading of 4.04%, according to a Thursday report ... [...]
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Average US rate on 30-year mortgage falls to 3.98 percent
FILE - In this Tuesday, June 9, 2015, file photo, a sold sign is displayed in the yard of a newly built home in the Briar Chapel community in Chapel Hill, N.C. Freddie Mac reports on average U.S. mortgage rates on Thursday, July 30, 2015. (AP Photo ... [...]
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WSJ Compares Yellen's 18 Months to Bernanke's
As she approaches the 18-month mark, how has her time at the helm compared with the early experience of her predecessor, Ben Bernanke? She inherited a weaker economy in the wake of the 2007-09 recession, but oversaw rapid improvement by several ... [...]
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JPMorgan Drops to No. 10 in J.D. Power Mortgage-Servicer Ranking
JPMorgan Chase & Co. tumbled to No. 10 in an annual survey of customer satisfaction for mortgage-servicing companies, behind competitors such as Bank of America Corp., after being ranked second-best by homeowners last year. The biggest U.S. bank by ... [...]
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Mortgage rates fall amid speculation about what the Fed will do
Mortgage rates fell for the second consecutive week even as government bond yields increased ahead of the July 28-29 Federal Reserve meeting. The 10-year Treasury bond yield rose from 2.25% Tuesday to 2.28% Wednesday afternoon, according to ... [...]
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Capital Economics: Looser credit conditions will support mortgage recovery
“As it becomes clearer that the housing and wider economic recoveries are strong enough to cope with a gradual rise in interest rates, lender caution should dissipate, helping to extend the recent recovery in the mortgage market,” says Andrew Hunter, ... [...]
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Mortgage Servicer Slapped for Fake 'Equity Accelerator' Program
Colorado-based payment processing company Paymap Inc. and LoanCare Servicing, a Virginia-based residential mortgage servicer, allegedly deceived consumers with advertising for a mortgage payment program that promised tens of thousands of dollars ... [...]
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Canadian mortgage lender Home Capital's profit falls 2 pct
Earlier this month, the company said it terminated contracts with certain mortgage brokers, resulting in a decline in originations. Home Capital's net profit slipped to C$72.3 million ($55.9 million), or C$1.03 per share, in the second quarter ended ... [...]
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Mortgage lending drives Pulaski profit
Pulaski Financial Corp., parent of Pulaski Bank, reported a sharp rise in profit in its fiscal third quarter, driven by a 49-percent increase in mortgage loans for home purchases. The Creve Coeur-based bank earned $4.4 million, or 36 cents per share ... [...]
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