Fed likely to continue small rate increases (Reg Req’d)
Fed likely to continue small rate increases Policy-makers will keep watch on inflation but are optimistic about growth, minutes show.
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Housing Loan Rates Declining The borrowing rates for housing loans extended by banks to homeowners are expected to move downward slightly as money market rates fall on expectations that the central bank will move
Mortgage rates climb in Colorado (Denver Business Journal) Mortgage rates rose to an average of 6.16 percent in Colorado last week, up 4.5 percent from the previous week, according to Zillow Mortage Rate Monitor data released Tuesday.read more...
Self-employed can set mortgage costs against tax, says HMRC (Independent) HM Revenue & Customs has started allowing self-employed workers to offset their mortgage interest and council tax against their annual income tax bill; an expense that accountants have historically
Home buyers may turn backs on loan piggybacks (Reg Req'd) Mortgage insurance could regain popularity as interest rates rise Sal Miosi, MGIC Back when interest rates had hit rock bottom, consumers would often turn to "piggyback loans" to avoid the
Countrywide to Modify $16B in Loans "We are determined to assist borrowers who have the willingness and wherewithal to remain in their homes, but need a little help to do it." Countrywide Financial Corp., the
Lenders tighten rules for mortgage customers (FT.com via Yahoo! News) Mortgage lenders have further tightened criteria this month as fears of a sharper housing slowdown have led them to take a more cautious stance with borrowers.read more...