European stock markets gain ground
Thursday, March 17th, 2011Europe’s main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said.
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.
Fannie, Freddie To Delist Stock From U.S. Exchanges
Wednesday, March 16th, 2011Fannie Mae and Freddie Mac said they intend to delist their stock from the New York Stock Exchange as the U.S. government-backed mortgage companies continue to struggle amid billions in losses.
Record low mortgage rates spur high interest in refinancing, sales
Wednesday, March 16th, 2011Interest rates are falling to hitherto-unseen lows, thanks to a persistently volatile stock market and the ongoing debt crisis in Europe.
Refinancing mortgage often smart even if you have to pay
Tuesday, March 15th, 2011At the height of the housing boom, refinancing was doubly rewarding: You could lower your monthly payment and extract some cash to spiff up the kitchen.
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