Mortgage Rates
Mortgage refinancing applications in decline in the United States
March 25, 2010The Mortgage Bankers Association in the United States reported on Wednesday that mortgage applications fell by 4.2% for the second week in a row during the week that ended March 19, according to Examiner.com. The biggest decline came in refinancing applications...
Bank of America bold steps to reduce mortgage debt, foreclosure
March 25, 2010Bank of America Corp. in the United States said it would reduce mortgage-loan balances as much as 30% for thousands of troubled borrowers, in what could presage a wider government effort to encourage banks to offer debt reduction to ease the mortgage...
US real estate updates: Mortgage refinance rates lowest in years
March 20, 2010The US government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value. The Obama administration’s Home Affordable Refinance Program will now run out...
US real estate: Foreclosure prevention program not achieving its target
March 19, 2010U.S. President Barack Obama announced his administration's foreclosure prevention program in February 2009, expectation being that "as many as 3 to 4 million homeowners to modify the terms of their mortgages." In the United States, one in...
US real estate: HARP to assist in mortgage refinancing
March 17, 2010In the United States, national average mortgage rates have been below 5.25% for the past month or so, but many borrowers have not refinanced their current home loan, even though their current rate may be over 6%. Some 4.2 million homeowners who refinanced...
BBC: US interest rates 'to stay low'
March 17, 2010The US Federal Reserve has repeated its pledge to keep interest rates at record lows in order to nurture the economic recovery. The Fed said its main interest rate would be kept at the current 0% to 0.25% range, as widely expected. Its rate-setting...
Mortgage Rates Drop for Second Straight Week in U.S.
June 30, 2009Rates Fall Further on Monday, According to Zillow(R) Mortgage Rate Monitor. The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.48 percent, down from 5.58 percent the week...