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Archive for February, 2009

Ask Barbara - New York Daily News

Thursday, February 26th, 2009

Ask BarbaraNew York Daily News, NYQI’ve put a down payment on a new condo in DC, but have not yet locked in my mortgage rate with the lender. What does the mortgage rate trend look like with the pending bailout plan? Will rates go up or down, and should I lock in the rate sooner rather …

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House Delays Vote on Modification of Delinquent Mortgages - Washington Post

Thursday, February 26th, 2009

House Delays Vote on Modification of Delinquent MortgagesWashington Post, United StatesThe measure is fiercely opposed by Republicans and the financial services industry, which complain that it would drive up their losses and force mortgage rate increases. But today it was moderate Democrats who questioned the proposal. …

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30-year fixed mortgage rate up slightly - International Herald Tribune

Thursday, February 26th, 2009

30-year fixed mortgage rate up slightlyInternational Herald Tribune, FranceAP McLEAN, Va.: Rates on 30-year-fixed mortgages rose slightly this week amid sagging consumer confidence and lower sale prices for existing homes, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage increased to 5.07 percent this …

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Freddie Mac: 30-year mortgage rate edges up - MarketWatch

Thursday, February 26th, 2009

ReutersFreddie Mac: 30-year mortgage rate edges upMarketWatchBy Sue Chang , , ) said Thursday the 30-year fixed-rate mortgage average edged up from the previous week to 5.07% with an average 0.7 point for the week ending Feb. 26. In the previous period, the average was 5.04%, and the year-ago average was 6.24%. …Average mortgage rate climbs to 5.07 percent Asbury Park Pressall 47 news articles

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Prices and payments - Inside Housing

Thursday, February 26th, 2009

Prices and paymentsInside Housing, UKThe mortgage rate was 6.06% and their monthly payment was £915. Massive savings are available now that the price of an average first-time buyer home has fallen to just under £126000 - but their actual payments will depend on the size of their deposit. …

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Obama speaks to Congress - Real News Network

Thursday, February 26th, 2009

Obama speaks to CongressReal News Network, NYI don't think the Fed has been anything like aggressive enough in buying Fannie Mae and Freddie Mac paper and driving down the mortgage rate. And that's a real problem, because the longer they wait, the more foreclosures there are. …

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Mortgage overpayments up 50% at the Co-op - Fair Investment Company

Wednesday, February 25th, 2009

Fair Investment CompanyMortgage overpayments up 50% at the Co-opFair Investment Company, UKMore than a third of those making overpayments said they are able to do so because their mortgage rate has fallen as a result of falls in the Bank of England's base rate. Another seven per cent are making overpayments in the hope of securing a better …

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Existing Home Sales Maintain Downward Trend - FXstreet.com The Foreign Exchange Market

Wednesday, February 25th, 2009

ReutersExisting Home Sales Maintain Downward TrendFXstreet.com The Foreign Exchange Market, SpainThe 30-year fixed rate mortgage was a few basis points over 6.00% prior to the announcement of this program. As of the week ended February 20, the 30-year mortgage rate was 5.04%, a full percentage-point lower. From a historical perspective, …US Jan Existing Home Sales Dn 5.3% To 4.49 Mln Rate FXstreet.com The Foreign Exchange MarketJan Existing-Home Sales Fall To Lowest Rate Since 1997 FXstreet.com The Foreign Exchange Marketall 728 news articles

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Low Mortgage Rates Found at AWL - Search By Headlines (press release)

Wednesday, February 25th, 2009

Low Mortgage Rates Found at AWLSearch By Headlines (press release), NVAt a time when many are concerned about their mortgage repayments, one website is offering the opportunity to lower their mortgage rate and save themselves money. That website is www.american-wholesale-loans.com The economic crisis has affected …

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Rent-versus-own balance shifting - Los Angeles Times

Wednesday, February 25th, 2009

Rent-versus-own balance shiftingLos Angeles Times, CACarla Zeineh, 22, and her husband recently began shopping for a home in Irvine, Calif., and discovered that with a 5% mortgage rate, her monthly payment on a $350000 two-bedroom home with 20% down could be less than the $1800 month that they pay in …

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