A mini-surge in refinance – Herald Tribune
Homeowners rushed to take advantage of last week’s drop in interest rates following the government’s takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets. The average …
Mortgage Rates Slide, But Not Enough to Spur Buying – CNBC
Mortgage rates are continuing to slide, but not enough to encourage people to buy a house or refinance. The crisis on Wall Street is fueling worries about the broader economy?especially jobs?so Americans aren’t in the mood for big purchases like …
Mortgage Applications Jump on Refinancing – CNBC
U.S. mortgage applications surged to their highest level in four months in the latest week, fueled by soaring demand for home loan refinancing as interest rates plunged, an industry group said on Wednesday. The Mortgage Bankers Association said its …
Home loans built on increasingly volatile foundation – Chicago Tribune
The meltdown in the financial and housing markets continues to create a series of good news-bad news scenarios for consumers who either already own their own home or would like to buy one. Here’s how areas of the market are affected: Interest rates …
US mortgage applications jump on refinancing -MBA – Reuters
NEW YORK, Sept 17 (Reuters) – U.S. mortgage applications surged to their highest level in four months in the latest week, fueled by soaring demand for home loan refinancing as interest rates plunged, an industry group said on Wednesday. The Mortgage …
UPDATE 1-US mortgage applications jump on refinancing -MBA – Reuters
NEW YORK, Sept 17 (Reuters) – U.S. mortgage applications surged to their highest level in four months in the latest week, fueled by soaring demand for home loan refinancing as interest rates plunged, an industry group said on Wednesday. The Mortgage …
Big UK mortgage lenders talk merger – CNN Money
LONDON (AP) — Embattled mortgage lender HBOS PLC confirmed Wednesday that it is in advanced talks about being taken over by Lloyds TSB PLC in what would be a further reshaping of the financial industry amid the credit crisis. The brief announcement …
Lenders to FHA: Thanks but no thanks for your help – CNN Money
NEW YORK (CNNMoney.com) — As part of the massive housing rescue bill passed by Congress in July, troubled borrowers will be able to refinance their home loans with the backing of the Federal Housing Authority (FHA) starting on October 1. But at a …
Mortgage Rates Fall on Lehman, Merrill News – US News and World Report
The latest round of financial shockers didn’t just send Wall Street traders scrambling?the problems also have consumers wondering if it’s a good time to buy a home or refinance, given the impact on mortgage rates. Here’s how experts weigh in on …
Financial crisis likely to linger for car, home buyers – Los Angeles Times
The crisis in the financial markets could make it even tougher to get loans to buy cars or houses — and the Federal Reserve didn’t make things any easier by declining to lower interest rates this week. Experts say any hope of relief from the ongoing …
