BOSTON (Source: MainStreet By Jerold Leslie) – Fears of a “double-dip” recession and the possibility of a widening European debt crisis have lowered U.S. mortgage rates to levels not seen in more than half a century.
(Source: Star Telagram By Scott Nishimura) – Homeowners looking to refinance their loans and cash in on record-low interest rates are boosting business for mortgage lenders in North Texas, executives say.
(Source: The Washington Post By Ezra Klein) – To emphasize a point I made in a Thursday post, the Obama administration can’t use Fannie Mae and Freddie Mac to do a mass refinancing of troubled mortgages. They need the Federal [...]
(Source: New York Times By SHAILA DEWAN and LOUISE STORY) – The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and [...]
(Source: Bostom.com By Barbara Bedway) – The stalled economic recovery has pushed interest rates to near-historic lows (pending any uptick with the recent downgrade in the US credit rating). If you’re paying more than 5 percent on a 30-year loan, [...]
(Source: Reuters) – Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.
(Source: Smart Money By JILIAN MINCER) – For homeowners frightened by debt, paying off a mortgage has taken on new urgency — so much so that they’re opting for higher monthly payments just to be debt-free sooner. But with interest [...]
(Source: The Baltimore Sun) – Angela Cottrell regrets ever calling her mortgage servicer to ask about refinancing options. What Wells Fargo suggested she do ultimately increased her loan balance and ruined her credit, she said.
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