Mortgage seekers turn to high-cost loans of last resort (The Salt Lake Tribune) Some mortgage seekers spurned by banks and other traditional lenders are turning to high-cost loans known as ''hard-money mortgages.'' Once thought of as a last resort for strapped borrowers,
Long-term mortgage rates at highest since June 2004 (CBS Market Watch) CHICAGO (MarketWatch) -- Long-term fixed mortgage rates rose for an eighth consecutive week to their highest level in nearly 1 1/2 years, according to Freddie Mac's weekly survey released Thursday.read
Recent Monthly Adjustable Mortgage Reset Values and a Look Ahead (Seeking Alpha via Yahoo! Finance) Roger Nusbaum submits: A reader left a link to an article by Gary Kaltbaum that included this table. It shows the dollar value, in billions, of the adjustable mortgage
Piggyback Loans vs. Insurance A piggyback loan is a second mortgage taken out at the same time as a first mortgage as a way of borrowing a larger total amount without having to pay
Some mortgage rates backslide to 6.25% (Pacific Business News) Hawaii home prices have stopped soaring, and this week even mortgage rates paused for retrenching after recent rises.read more...
Sleep Country units come alive on sales strength The 117-store trust made the announcement Friday, a day after reporting a 52 per cent rise in third-quarter sales, partly due its acquisition of Dormez-vous Sleep Centers Inc.Commentread more...
Rates on 30-year mortgages, which had jumped to the highest level in 2 1/2 years, edged down for a second straight week. Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.32 percent this week, down from 6.34 percent the previous week.
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