Hung Parliament Means Fix Mortgage Rate Now!
Wednesday, March 16th, 2011Despite a small recovery in the housing market over the months prior to the general election, many industry experts are warning of a sharp halt to this as a result of a hung Parliament.
Mortgage Default Rates Lower as Consumers Choose Property Over Plastic
Wednesday, March 16th, 2011The monthly default rates for first and second mortgages fell in April, but climbed for bank card loans for the third consecutive month, according to the latest data from credit-rating agency Standard & Poor’s and national credit bureau Experian.
Most Mortgage Rates Hit Lowest Levels In Years -Freddie
Wednesday, March 16th, 2011Mortgage rates declined again this week, deepening from last week’s levels that were already the lowest of 2010, with many reaching the lowest levels in years, according to Freddie Mac’s (FRE) weekly survey of mortgage rates.
15-Year Mortgage Rate Falls Again: Can It Go Any Lower?
Wednesday, March 16th, 2011The average interest rate for a 15-year fixed-rate mortgage hit a new historic low on Friday — 4.20 percent, down slightly from 4.21 last week. The last time the 15-year rate was that low was August 1991, when Freddie Mac began its weekly survey.
BofA to pay $108M for Countrywide mortgage abuses
Wednesday, March 16th, 2011Bank of America has agreed to pay $108 million to about 200,000 homeowners who paid improper and inflated charges to the defunct subprime mortgage lender that became the poster child of the housing apocalypse, Countrywide Financial.
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