More Americans Are Preferring the Lease to the Mortgage
THE homeownership rate in the United States plunged during the Great Recession. Many families lost their homes as prices collapsed and unemployment rose. Now the economy is growing, and there are more jobs than ever. Home prices have risen, ... [...]
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Mortgage Rates Slightly Higher After Big News From Japan
Mortgage rates drifted inconsequentially higher to end the month, remaining well-within the recent range, albeit closer to the higher end. The most prevalently-quoted conforming 30yr fixed rate remained 4.0%, with 4.125% not too far behind. On average ... [...]
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Average 30-year mortage rate just shy of 4%
WASHINGTON — Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4%. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to ... [...]
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So They Say: Ben Bernanke Talks Refinancing Troubles, AIG and Other Hard …
Ben Shalom Bernanke, who ended his tenure as chairman of the Federal Reserve in February, recently told a conference moderator in Chicago that he is unable to refinance his home mortgage due to the fact that most of his income comes from 1099 ... [...]
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Rising Mortgage Tide Won't Lift Banking Boats
Meanwhile, the government has been working to boost the mortgage market. Fannie Mae and Freddie Mac announced they would buy loans with just 3% down payments. And the Federal Housing Finance Agency proffered an olive branch to banks on rules ... [...]
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Hold off for the lowest fixed rate mortgage deals
Hold off for the lowest fixed rate mortgage deals. Rates are still falling and experts say new record low deals could be on the way. How two-year fixed mortgage rates have been falling in recent years. By Nicole Blackmore. 9:45AM GMT 31 Oct 2014 ... [...]
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Should you consider an adjustable rate mortgage?
Unlike a fixed rate mortgage, the interest rate on an ARM fluctuates on the basis of prevailing interest rates and other factors. Subprime lenders used ARMs so that more consumers could afford mortgage payments, at least at first. The rate was set very ... [...]
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Reverse mortgage repayment: What heirs need to know
The mortgage servicing company will communicate only with the estate's legal representative — i.e., the person named as executor. Your executor has no legal authority until a court confirms his or her appointment — usually within three to six weeks ... [...]
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US loan applications to buy homes lowest since February: MBA
NEW YORK (Reuters) - U.S. mortgage applications to buy homes fell to their lowest level last week since February as interest rates on 30-year home loans edged up from the previous week's 16-month trough, an industry group said on Wednesday. [...]
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