Mortgage Rates Rise
Freddie Mac’s latest survey finds 30-year fixed-rate mortgages averaging 6.18 percent, compared to 6.13 percent last week.
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The party might be over Everywhere you turn, people seem to be warning that the party is over for real estate investment trusts.read more...
Consolidating Student Loans The interest rate for student loans are at a historic low of 2.7%. But come July 1st those rates will increase.via
Bond sale could shake up mortgage Market (NorthJersey.com) NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even
Bank to end loans to mortgage brokers (Boston Globe) CHARLOTTE - Bank of America Corp. , the second-biggest US bank, plans to stop making loans to mortgage brokers by year-end, a move that will cut 700 jobs, the bank
Funds available for home improvement The city is offering low-interest second mortgages to help residents pay for home repairs.read more...
UBS exposed to New Century subprime loans Swiss bank UBS said it had exposure to troubled United States subprime lender New Century Financial, becoming the latest European bank to become embroiled in the U.S. mortgage market.Commentread more...