Mortgage rates fall to labor pains
July 17, 2011 by
Filed under mortgage rates
Mortgage rates fall to labor pains
Mortgage rates dropped this week amid economic reports that show that the United States still faces a bleeding labor market and a crawling economy. The benchmark 30-year fixed-rate mortgage fell 10 basis points this week, to 4.69 percent, according to the Bankrate.com national survey of large lenders.
Read more on Bankrate.com
New-home sales fall for first time in months
June 23, 2011 by
Filed under mortgage loans
New-home sales fall for first time in months
Fewer people bought new homes last month, the latest sign that the struggling housing market won’t rebound this year.
Read more on MSNBC
Mortgage rates fall to lowest level of 2011
May 18, 2011 by
Filed under mortgage rates
Mortgage rates fall to lowest level of 2011
The average on a 30-year loan fell to 4.63 percent and to 3.82 percent on a 15-year loan.
Read more on The Oregonian
Foreclosures fall in April amid paperwork issues
May 13, 2011 by
Filed under mortgage rates
Foreclosures fall in April amid paperwork issues
The number of Americans who lost their homes to the bank fell in April as faulty paperwork continued to slow foreclosure activity, which fell to a more than three-year low, a closely watched survey said on Thursday.
Read more on Reuters via Yahoo! News
Wells Fargo’s income rises 51 pct; mortgages fall
April 21, 2011 by
Filed under mortgage loans
Wells Fargo’s income rises 51 pct; mortgages fall
Wells Fargo’s income jumped 51 percent in the first quarter as more people opened accounts with the bank and business customers took out more loans. Higher interest rates resulted in a sharp decline in new mortgages.
Read more on Los Angeles Daily News
Predictions of 20% price fall ‘not realistic’
March 17, 2011 by
Filed under mortgage rates
Predictions of 20% price fall ‘not realistic’
A warning that house prices could fall a further 20 per cent in the next couple of years may worry homebuyers with large mortgages who fear getting into negative equity.
Read more on Derbyshire Times
Mortgage rates fall from 10-month high
February 23, 2011 by
Filed under mortgage loans
Mortgage rates fall from 10-month high
Mortgage rates for 30-year U.S. loans declined for the first time in five weeks, reducing borrowing costs from a 10-month high, according to Freddie Mac, the McLean, Va.-based mortgage-finance company.
Read more on Finance and Commerce
Chicago home prices fall to new post-bust low
February 22, 2011 by
Filed under mortgage rates
Chicago home prices fall to new post-bust low
By Mary Ellen Podmolik Posted today at 10:10 a.m. Home prices in the Chicago area in December hit a new low since the housing market’s peak in 2006, falling 30 percent to levels not seen since March 2002, according to a widely-watched housing index released Tuesday morning.
Read more [...]
Home repossessions fall in Q4 but outlook murky
February 10, 2011 by
Filed under mortgage rates
Home repossessions fall in Q4 but outlook murky
Fewer people in Britain had their homes repossessed in the last three months of 2010 with low interest rates keeping many struggling Britons afloat data showed on Thursday.
Read more on Reuters via Yahoo! UK & Ireland News
Financial Stocks: Financials fall as Wells Fargo, AIG weigh
February 9, 2011 by
Filed under mortgage insurance
Financial Stocks: Financials fall as Wells Fargo, AIG weigh
Bellwethers American International Group and Wells Fargo act as a drag on the financial sector.
Read more on Market Watch