Mortgage Rates Stay Low, But So Does Loan Demand
Wednesday, March 16th, 2011Can anyone say “tax-credit-induced hangover”? Mortgage rates are still near 50 year lows, but demand for new-purchase mortgages fell for the fourth straight week to a new 13-year low, according to the Mortgage Bankers Association.
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.
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.
What Wall Street reform means for your mortgage
Wednesday, March 16th, 2011Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.
Mortgage delinquencies fall but foreclosures up sharply
Tuesday, March 15th, 2011For the first time in two years, fewer homeowners are missing mortgage payments, Treasury Department regulators reported Wednesday, but foreclosures are surging as many loan-modification efforts fail.
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