Mortgage rates lowest in nearly 4 years
Thursday, January 24th, 2008 Posted in Mortgage Information | 1 Comment »Freddie Mac reports 30-year, fixed-rate mortgages averaged 5.48 percent WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in ...
Homeowners rushing to refinance mortgages
Thursday, January 24th, 2008 Posted in Mortgage Information, Sudbury Real Estate | No Comments »Federal Reserve’s surprise rate cut sparked a refinancing boom NEW YORK - This week's surprise rate cut by the Federal Reserve not only held Wall Street and investors in thrall, it's also kicked into high gear a rush by homeowners across ...
Lower mortgage rates alone won’t revive the ailing real estate sector
Thursday, January 24th, 2008 Posted in Boston Metrowest News, Mortgage Information | No Comments »Don't look for the Federal Reserve's rate cut to revive the housing market. Mortgage rates already sit near historic lows. But larger forces are aligned against a revival: Falling home prices, tighter lending standards, and rising unemployment all are limiting how ...
Mortgage Industry: We ARE helping
Friday, January 18th, 2008 Posted in Mortgage Information | No Comments »A new study from the Mortgage Bankers Association says companies provided some kind of assistance to 246,000 troubled borrowers during the third quarter. That's smaller than the number of new foreclosure actions during that July through September period, but -- ...
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