Should Retirees Pay Off Their Mortgage Early? (WallStreet Journal via Yahoo! Finance)
Kelly Greene explains how to decide whether to pay off a mortgage at retirement to get rid of the big monthly expense.
read more…
40-year home loan soaring in popularity With little improvement expected next year in housing affordability, mortgage bankers are predicting a surge in 40-year mortgages, which are becoming increasingly popular because of their lower monthly ...read more...
Concerns grow over UK mortgage market in harsher lending climate (Banking Business Review) Two news reports in the UK have pointed to the apparent fragility of the mortgage market, with home repossessions rising in London and regulatory concerns over sub-prime lending trends.read more...
Allegheny County postpones mailing of 2006 property values for the third time Last week, the Sto-Rox School District and a Franklin Park property owner filed lawsuit against Allegheny County, Pennsylvania to block County Chief Executive Dan Onorato's offer to put a cap
Treasury Yields Rise Again, Spurring Talk of a Trend What goes down must come up. That is the logic behind the hopes of many traders this week that a rise in yields on 10-year Treasury notes will stick, reversing
Mortgage prices will rise with lenders cashing in on rival's turmoil, says HBOS chief (Guardian Unlimited) Andy Hornby, the boss of Britain's biggest mortgage lender HBOS, predicted yesterday a "fundamental shift" in the lending markets that will leave homeowners paying considerably more for new loans than
Countrywide to cut up to 12,000 jobs amid mortgage trouble (USA Today) Struggling lender Countrywide Financial said Friday it will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry.read more...