Latest News in Refinancing Home Mortgages – Dec 11, 2008
Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.Mortgage rates foreseen under 4% – Baltimore Sun
WASHINGTON Government efforts to provide easier credit to consumers and to help housing finance companies could push mortgage rates “well below 4 percent,” a federal regulator said yesterday. James Lockhart, whose agency oversees government …
Bernanke Urges Home Loan Help – Washington Post
The government needs to move much more aggressively to help people avoid losing their homes to foreclosure, Federal Reserve Chairman Ben S. Bernanke said yesterday, trying to boost efforts that had stalled in recent weeks. Bernanke spoke approvingly …
Homeowners refinance, put savings in piggy banks – Forbes
When mortgage rates dropped to the lowest levels in almost a year, Warren Zeger seized the opportunity to slash $720 off his monthly mortgage payment by refinancing his home in Potomac, Md. Just don’t expect him to spend the savings. “I’d love to …
A Rush Into Refinancing as Mortgage Rates Fall – Gainesville Sun
The housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance …
Mortgage Refinance Applications Soar As Rates Fall – Wall Street Journal
NEW YORK (Dow Jones)–Applications to refinance mortgages soared last week as interest rates dipped by almost 1 percentage point after the Federal Reserve announced that it would purchase billions in mortgage related debt. The Mortgage Bankers …
Low rates breathe life into mortgage market – Columbus Dispatch
A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 …
Plunge in Mortgage Rates Won’t End Housing Slump – CNBC
The lowest mortgage rates in three years are luring first-time buyers and cost-cutting refinancers, but falling home prices and mounting unemployment will keep U.S. housing in its deepest slump since the Great Depression. Applications to buy and …
Mortgage rates near low for the year – Los Angeles Times Blogs
Home loan rates are near their lowest point of the year in the wake of government efforts to help the housing markets. That has spurred a surge in applications to refinance mortgages, but the worst-off borrowers and people with jumbo mortgages aren …
FDIC:Treasury idea wont help people in need – Marketwatch
Federal Deposit Insurance Corp. chairwoman Sheila Bair said Thursday that a proposal the Treasury Department is reportedly contemplating that would cut mortgage rates for new loans for homes, is constructive but it wouldn’t help homeowners in need …
Fitch Ratings Affirms MS 1999-WF1; Assigns Outlooks – Businesswire.com
NEW YORK–( BUSINESS WIRE )–Fitch Ratings has affirmed Morgan Stanley Capital I Inc.’s commercial mortgage-backed securities, series 1999-WF1, as follows: –Interest-only (IO) class X at ‘AAA’; Outlook Stable; –$7.8 million class E at ‘AAA …
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