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 [...]
Mortgage rates for 30-year fixed U.S. home loans fell for the first time in five weeks, decreasing borrowing costs as all-cash buyers make up a growing share of the housing market. The average 30-year rate dropped to 4…. View full post on All Stories
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – U.S. housing prices continued to slump in January posting a 0.90 percent drop from December, according to data released Wednesday by the S&P/Case-Shiller (CSI) home price indices. The continued slide in house prices could indicate that house prices are headed into a double [...]
Invesco Mortgage Capital Inc. sold $150 million of default protection on U.S. home-loan securities owned by a European bank, as toughening capital rules for financial companies offer opportunities for investors, Chief Financial Officer Donald Ramon said. View full post on All Stories
A BlackRock Inc fund this month will begin financing U.S. home loans customized for a new breed of residential mortgage-backed securities that avoids the conflicts tainting many of today’s private issues. View full post on All Stories
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