Rate on 30-year mortgage falls to record 3.87 pct.
The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Rate on 30-year mortgage down to record 3.88%
The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.
Pay off mortgage early to save money
An early mortgage payoff can net substantial interest savings compared to making scheduled payments for 15 or 30 years.
Rate on 30-year mortgage drops to record 3.89 pct.
Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.
Low mortgage rates likely to continue through 2012, experts say
But with high unemployment and home prices still falling in many areas, analysts say there is little chance for a housing recovery. The mortgage market told a sad story throughout 2011: record low rates, but few people taking advantage of them to buy homes.
Low mortgage rates not enough to drive demand, survey finds
Even the demand for refinance mortgages, which accounted for more than 80 percent of all applications, fell slightly.
Foreclosure fallout could last a few more years, mortgage group says – Tampa Bay Online
Fewer home loans are in trouble these days, but despite some improvements, the nation is not even halfway through cleaning up the foreclosure mess, industry experts said. It could take three or four years to return to a typical pattern of …
Late mortgage payments up in 3Q, 1st rise in years
While lawmakers in Washington debated the debt ceiling and consumer confidence dropped, more homeowners in the U.S. were having a harder time making their mortgage payments.
Mortgage Servicers to Offer Independent Review of 2009-2010 Home Foreclosures – YAHOO!
WASHINGTON, Nov. 1, 2011 /PRNewswire-USNewswire/ — Fourteen U.S. mortgage servicers and their affiliates are making available free, impartial Independent Foreclosure Reviews to certain of their borrowers as part of the consent orders entered into with the …
Mortgage refinancing to get easier under revised U.S. program
The plan could help 1 million to 2 million people get significantly lower monthly payments in hopes of stabilizing the real estate market. The Obama administration is launching yet another high-profile campaign to shore up the housing market — and with it, the economy — by making it easier for some struggling homeowners to refinance [...]