Interest-only loans OK for the short term
W ith prices still high and rates still low, more homeowners are opting to refinance their homes or take out equity loans and add on, rather than spend more to increase their living quarters.
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Ohio launches mortgage broker database (Business First of Columbus) Ohio home buyers can now check the enforcement records of mortgage lenders in a database the state launched this year.read more...
Rate Fears Hit House Prices House prices fell by 1.2% during June as consumers worried about interest rate rises, and the heat continued to come out of the property market.read more...
US mortgage giants warn against cut in portfolios - update 1 (New Ratings) NEW YORK, April 21 (newratings.com) The heads of the US mortgage giants Fannie Mae (FNM.NYS) and Freddie Mae (FRE) Wednesday warned that a cut in their loan portfolios would restrict
Dresdner Bank profits fall in third quarter Dresdner Bank, the banking arm of German insurance giant Allianz, sustained a drop in the third quarter of the current year, but largely as a result of tax effects, and
Rate Cuts Impact Mortgage Rates (FOX 35 Orlando) A day after the Federal Reserve made an historic rate cut, mortgage rates also fell to near record lows. Short-term rates aren't usually tied to long-term ones like 30 year
30-year mortgage rates continue to fall WASHINGTON - Rates on 30-year mortgages fell for a sixth straight week, dropping to the lowest level in three months, according to a weekly survey released Thursday.read more...