Mortgage rates still rising (The Cincinnati Enquirer)
Mortgage rates in Greater Cincinnati have jumped to their highest level in nearly four years. The average rate on a 30-year, fixed $150,000 mortgage was 6.5 percent this week.
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IAC loses $369.9M on mortgage woes (AP via Yahoo! News) Barry Diller's IAC/InterActiveCorp reported Wednesday that it lost $369.9 million in its fourth quarter, due to higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs
Ahead of the Bell: Mortgage Applications (AP via Yahoo! Finance) Home-loan data to be released Wednesday will show whether mortgage applications rose for the second-straight week as borrowers took advantage of lower rates.read more...
Mortgage Foreclosures Reach All-Time High Stocks on Wall Street fell sharply yesterday with fresh concerns over the health of financial firms that have invested heavily in mortgage-backed securities and a new report showing that more
Lender helps its customers find jobs Dawn Myers lost her job in April. Her husband was working, so the Holden, Mo., couple managed to keep up the house payment.Commentread more...
Fed May Pause on Raising Rates Slower-than-expected economic and job growth give the Federal Reserve an opening Tuesday to pause from its two-year string of interest rate increases.read more...
Fannie Mae shakes up management team By ALAN ZIBEL WASHINGTON - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight