Topic: Home Financing
Freddie Mac says average rates for 30-year mortgages fall to 4.78 percent, shy of record lowMortgage rates have fallen to the lowest level of the year as European turmoil caused investors to pour money into the safe haven of U.S. government securities.Mortgage ...
NEW YORK (Reuters) - U.S. mortgage applications to refinance home loans jumped to a seven month high last week as rates neared record lows, but purchase demand remained stuck at a 13-year low.Interest rates on 30-year fixed-rate mortgages, the most widely used ...
WASHINGTON (Reuters) - U.S. mortgage finance enterprises Fannie Mae and Freddie Mac , seized by the government during the financial crisis, will continue to sustain losses on mortgages as house prices drop, their regulator said in testimony made public on Tuesday.Losses will ...
Summary Box: Surging home sales likely to fizzle despite low ratesHOME SALES RISE: A now-expired homebuyer tax credit and low mortgage rates helped boost sales of previously occupied homes by 7.6 percent in April.MORTGAGE RATES FALL: Worries over the European debt crisis ...
WASHINGTON (Reuters) - The U.S. thrift industry reported its third consecutive quarter of profit, earning $1.82 billion during the first three months of the year.The Office of Thrift Supervision, which largely regulates mortgage lenders, said on Monday that earnings more than quadrupled ...
Freddie Mac says average rates for 30-year mortgages fell to lowest level of the yearMortgage rates fell to the lowest level of the year this week, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on ...
Fading of inflation keeps rates low and makes it cheaper to buy a car or refinance a mortgageIt's a good time to buy a car, refinance a mortgage, hit the road or shop for clothes.Invest in a saving account? Forget it.Consumer inflation ...
Summary Box: Mortgage delinquencies and foreclosures break recordsMORTGAGE TROUBLES RISE: More than 10 percent of homeowners had missed at least one mortgage payment at the end of March, a record high the Mortgage Bankers Association says.FORECLOSURES UP TOO: More than 4.6 percent ...
NEW YORK (Reuters) - Demand for loans to buy U.S. homes shriveled to a 13-year low last week, following the expiration of federal tax credits, while near-record low mortgage rates stoked refinancing, the Mortgage Bankers Association said on Wednesday.Mortgage purchase applications sank ...
Housing construction in the United States picked up in April but outlook for the sector at the epicenter of the financial crisis remains grim, government data showed Tuesday.Home construction project launches rose 5.8 percent from March to 672,000, higher than the 655,000 ...