Mortgage rates fall below the 5 percent mark
Thursday, March 17th, 2011Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.
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.
Housing starts solid as mortgage rates watched
Wednesday, March 16th, 2011Island 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.
Reverse Mortgage: Late on taxes? Face foreclosure
Wednesday, March 16th, 2011The Federal Housing Administration, also known as the FHA, may be toughening up their stance on seniors with a reverse mortgage who fail to pay their local property tax or hazard insurance premiums.
Mortgage Approval Rise Shows ‘Stable Market’
Wednesday, March 16th, 2011Mortgage approvals hit their highest level of 2010 last month, according to the British Bankers Association.
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