Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for U.S. 30 year mortgages dropped to the lowest level on record as the number of homeowners seeking to reduce their monthly payments soared. The average rate for a 30-year fixed loan for the week ending Jan. 19 fell to 3.88 [...]
Florida’s mortgage delinquency rate at the end of 2010 was the highest in the nation, according to the Mortgage Bankers Association. More than 24 percent of the home loans in Florida were one payment or more past due, or in the process of foreclosure. Nevada came in second, at 22 percent. The national average was [...]
Prospective borrowers chose an adjustable-rate mortgage on 5.6 percent of the applications tracked in the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey . ARM share fell from 5.7 percent the previous week. Based on closed loans, Freddie Mac forecasts that ARMs will account for 6 percent of fourth-quarter volume then climb to 10 percent [...]
The U.S. Senate and House of Representatives passed legislation that extends the current conforming loan limits through the new fiscal year. High-cost loan limits as high as $729,750 were set to expire Sept. 30 — the end of the government’s fiscal year. “Extending the existing limits is essential to helping borrowers continue to have access [...]
Bad Credit Loans Personal Finance Used Cars © Personal Loans. Say something clever here. Or not. You decide.
Powered by Yahoo! Answers