Latest News in Refinancing Home Mortgages – Sept 24, 2009

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New jobless claims fall unexpectedly – MSNBC
Rates for 30-year home loans were unchanged this week and remain close to record-low levels. The average rate for a 30-year fixed mortgage was 5.04 percent, the same as a week earlier, mortgage company Freddie Mac said Thursday. Rates, while above …

Fed slows program to aid housing market, keeps rates near zero – San Jose Mer…
WASHINGTON ? Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Even so, rates on home loans are expected to remain low …

Fact-checking Michael Moore’s ‘Capitalism: A Love Story’ – San Jose Mercury News
NEW YORK ? Despite the title of his new movie, Michael Moore really hates capitalism. He says it’s a scheme for businesses to profit at the expense of the little guy. The provocateur filmmaker is campaigning for an end to what he says is the “evil …

US Assistant Treasury Secretary Allison Written Testimony Before … – eGov M…
Chairman Dodd, Ranking Member Shelby and members of the Committee, thank you for the opportunity to testify today. As we approach the one-year anniversary of the Troubled Assets Relief Program or TARP, I welcome this chance to update you about the …

Fed slows housing market plan; rates to stay low – St. Louis Post-Dispatch
Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Even so, rates on home loans are expected to remain low. With the economy …

Underwater at home: can I refinance? – ABC Action News
You are certainly not alone in owing more on your mortgage loan than your home is worth. Unfortunately, many others are in the same situation or worse. In addition, you are not alone with an unconventional loan product on your home. Interest-only …

Bankrate: Mortgage Rates Post Mixed Results – PR Newswire
NEW YORK, Sept. 24 /PRNewswire-FirstCall/ — The average conforming 30-year fixed mortgage rate inched lower to 5.36 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and …

How long will low mortgage rates last? – ABC Action News
That question is on the lips and minds of mortgage shoppers from Seattle to Miami. In recent months, rates have sunk to near historic lows , presenting Americans with a rare opportunity, according to economist Bob Walters. “The best time to buy a …

Meltdown gives consumers a new money mindset – Tampa Bay Online
NEW YORK (AP) — If the Great Recession has taught people one thing, it’s this: They need to take charge of their finances. It’s a lesson plenty are heeding. People are saving more and spending less. The personal savings rate has risen to more than 4 …

Some mortgage rates retreat – Miami Herald
The average 30-year fixed mortgage rate fell for the third time in four weeks, with the average rate dropping to 5.59 percent, according to North Palm Beach-based Bankrate.com’s weekly national survey. The average 15-year fixed rate mortgage …

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