Mortgage rates remain at lowest level in decades

Mortgage rates remain at lowest level in decades
Mortgage rates were unchanged this week at the lowest point in decades, but it hasn’t been enough to jump-start the housing market. Government-sponsored mortgage buyer Freddie Mac said Thursday the average rate for 30-year fixed loans this week was 4.57 percent. That’s the same as a week earlier [...]

Homes lost, but some 2nd-mortgage debts remain

Homes lost, but some 2nd-mortgage debts remain
Eleven days after losing his home to foreclosure, Jorge, a Napa construction worker, received an ominous letter in the mail. It said he still owed $78,000 on his home’s second loan. “I was afraid and felt pressured,” said Jorge, who asked that his last name… Foreclosure – Mortgage – [...]