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30-year mortgage rates rise above 6% (Boston Globe) Interest rates on 30-year, fixed-rate home mortgages yesterday rose above 6 percent for the first time since late March, increasing the chances that housing prices could flatten or decline and
Mortgage approvals fall heavily in May (ShareCast via Yahoo! UK & Ireland Finance) The UK housing market continues to deteriorate further as data showed mortgage approvals fell heavily again in May.read more...
Genworth Profit Falls 64% on Mortgage Insurance Loss (Update2) (Bloomberg.com) April 24 (Bloomberg) -- Genworth Financial Inc. , the insurer spun off by General Electric Co., said profit fell 64 percent as the U.S. housing slump led to losses at
'Line-of-credit mortgage' creates an illusion (Boston Globe) A new kind of mortgage can, as if by magic, make a 30-year mortgage disappear in half the time.read more...
Should you risk paying points? Pay points or not? Anyone who's ever shopped for a mortgage has faced the question -- and borrowers who expect to stay in their
House to be used as fundraiser Shrewsbury Christian Academy will sponsor Construction for Kids, an effort by a local contractor, Brian Luzier, who will build a house to sell at fair market value with all profits