30-year fixed rates drop to 5.98 percent
Turbulence continues to buffet mortgage rates. Like a plane landing in a thunderstorm, rates go violently up and down, moved by invisible forces.
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Debt-laden homeowners save plastic first "But we can't just incur debt forever" Signs stack up outside existing homes for sale in Denver on Monday, Sept. 10, 2007. via Myrtle Beach Online read more...
Interest-only mortgage deja vu That last craze for interest-only mortgages craze ended with a Depression-era wave of foreclosures. The new variety of this loan is even riskier, says Jack Guttentag, the Mortgage Professor.via
HOMEOWNERSHIP: Prepaying full mortgage presents a major risk (The Charlotte Observer) Q. About two years ago, we refinanced our home mortgage and obtained a 5.25 percent fixed-rate mortgage. We loved the low monthly payments. Then, about six months ago, my wife
First National Bank of Gillette Selects Mortgage Builder Software's Loan Origination System (Business Wire via Yahoo! Finance) SOUTHFIELD, Mich.----Mortgage Builder Software, Inc., a provider of an end-to-end mortgage banking software solution, announced that First National Bank of Gillette, based in Gillette, Wyo., has signed up to
Zuckerman Takes Manhattan Investors are wondering whether Boston Properties is making a risky bet on Manhattan by snapping up the prized General Motors building and three other properties. (See details on some of
Mortgage applications decline (CNN Money) MBA says activity dropped 3.4 percent as refinancings fell to their lowest level in 16 months.read more...