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Mortgage Rates Continue Slide

Wednesday, March 16th, 2011

Mortgage rates declined again this week, with many reaching the lowest levels in years, according to Freddie Mac’s weekly survey of mortgage rates.

Tax-credit deadline passes, mortgage applications swoon

Wednesday, March 16th, 2011

You didn’t need to wait long for a sign of what the end of the home buyer tax credit program means: Mortgage applications by buyers fell 27 percent last week — following a 10 percent drop the week before — to their lowest level in 13 years.

The Home Loan Modification Program Brings Mortgage Aid To Struggling Homeowners

Wednesday, March 16th, 2011

There have been many complaints about lenders and the home loan modification program as a whole from homeowners who are very upset with their experience in seeking a loan modification on their home. Many people have been using mortgage modifications as a way to get a more affordable mortgage payment during these tough economic times.

JPMorgan to Sell $716.3 Million of Mortgage Bonds

Wednesday, March 16th, 2011

JPMorgan Chase & Co. is marketing $716.3 million of bonds backed by commercial mortgages, according to a person familiar with the offering.

Housing starts solid as mortgage rates watched

Wednesday, March 16th, 2011

Island residential construction jumps 37%, signalling stronger economic conditions. The house-building industry is back producing homes at a rate comparable pre-recession rates in 2008.

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