Why borrowers should pay off higher-rate mortgage first Piggyback situation complicated by primary adjustable loan Q: My wife and I recently purchased a new home and avoided mortgage insurance by taking a piggyback: Our first mortgage is a
Fed Raises Key Interest Rate to 5 Percent WASHINGTON The Federal Reserve on Wednesday raised a key interest rate to the highest level in more than five years but signaled that it may pause to assess the impact
Sector Wrap: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders sank Wednesday after one home lender reported a steep loss for the third quarter and another's sale of its rights to collect mortgage payments did
Mortgage crisis seeps to prime loans (USA Today) The first concrete evidence that delinquencies on mortgage bills have spread well beyond those with subpar credit shows that even prime borrowers have increasingly fallen behind on their house payments.read
Dip in house prices HOUSE prices fell slightly during October, after annual growth rates had shown signs of picking up in September, Government figures revealed today.read more...
Five Mortgage REITs Said at Risk (AP via Yahoo! Finance) A research report released Wednesday fingers five mortgage real estate investment trusts that could fall prey to the liquidity crisis currently squeezing the credit markets.read more...
Rising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.87…
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