Mortgage Rates Decline to 5-Month Low
Last week’s better-than-expected reading on the Consumer Price Index helped to push mortgage rates down to a five-month low, according to Bankrate.com’s weekly mortgage survey of large lenders.
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Mortgage application volume rises off 2008 low (AP via Yahoo! Finance) Mortgage application volume rose 3.6 percent during the week ended June 27, according to the trade group Mortgage Bankers Association's weekly application survey.read more...
Subprime mortgage worries spur market drop (The Star-Ledger) Since hitting a record 14,000 three weeks ago, the Dow Jones industrial average has plunged more than 760 points because of deepening jitters about the collapse of the subprime mortgage
Bank of America CEO committed to Countrywide Bank of America Corp Chief Executive Kenneth Lewis said Wednesday he remains committed to buying Countrywide Financial Corp, the giant money-losing mortgage lender, but acknowledged that the nearly year-long ...read
Bank raises mortgage limits (Detroit News) NEW YORK -- At least one U.S. mortgage bank is making it easier to get cheaper mortgages for more expensive homes and others may soon follow, pumping more money into
Refinancing with a bad credit score You would probably be better off to wait until your credit score improves, says Dr. Don.read more...
Frank Introduces Mortgage Legislation (AP via Yahoo! Finance) A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures.read more...