Topic: Mortgage Banking and Services
Mortgage rates for a 30-year loan are now 4.61 percent. Mortgage rates for 15-year loan now average 3.80 percent, lowest since last November.
05/22/2011 01:58 pm
Fixed mortgage rates are at their lowest level of the year, with the average rate for a 30-year loan at 4.63 percent. Fixed mortgage rates for a 15-year loan now average 3.82 percent, Freddie Mac says.
05/13/2011 10:17 am
Millions of foreclosed and underwater homes are clogging the housing market, stalling economic growth. But there's a way to streamline the refinancing process. Banks and borrowers can work out new terms that keep owners in their homes and give lenders 50 percent of future appreciation.
05/11/2011 10:37 am
“Yes We Can” was so 2008. Now President Obama is the incumbent, with a record to defend. More than whom the Republicans nominate to run against him in 2012, how voters perceive Mr. Obama’s accomplishments and liabilities – two highly subjective categories, at times overlapping – will determine whether he gets four more years. Here are his top six liabilities, including still-high gas prices:
05/09/2011 05:16 pm
"Yes We Can” was so 2008. Now President Obama is the incumbent, with a record to defend. More than whom the Republicans nominate to run against him in 2012, how voters perceive Mr. Obama’s accomplishments and liabilities – two highly subjective categories, at times overlapping – will determine whether he gets four more years. Here are his top six accomplishments, including the killing of Osama bin Laden:
05/09/2011 05:12 pm
The Federal Reserve, the institution tasked with guarding the economy against inflation and financial instability, has long made headlines for its words as well as its actions. An utterance from the chairman can help reassure financial markets or raise concerns about the economy. Now the central bank is moving to explain itself more openly in its first-ever formalized press conferences, so the opportunity for Fed officials to make market-moving pronouncements may increase. Here's a look at some moments when a Fed chairman has made waves with his words.
04/27/2011 10:38 am
Mortgage lenders ordered to reimburse customers they foreclosed on improperly. Regulators tell 16 mortgage lenders to hire auditors to find out who could have avoided foreclosure in 2009 and 2010.
04/15/2011 03:10 am
Fixed mortgages for 30-year term climb from 4.81 to 4.86. Rates for 15-year fixed mortgages rise slightly to 4.09 percent.
04/01/2011 11:52 am
15-year mortgage rate dropped to 3.97 percent, its lowest level in three months. Decline in 15-year mortgage rate stems from falling yield on US Treasuries.
03/17/2011 04:05 pm
Whatever system replaces Fannie Mae and Freddie Mac will need government participation. Please keep it small.
03/14/2011 04:36 pm