Jan 19th 2012 12:20PM
WASHINGTON -- The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage... Continue Reading »
Dec 23rd 2011 11:10AM
WASHINGTON -- The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week, the third time this year that rates have hit new lows. Freddie Mac said Thursday that the average on the 30-year home loan fell from 3.94 percent the previous week. The 3.91 percent rate is the lowest average for... Continue Reading »
Sep 14th 2011 10:25AM
DETROIT -- A 101-year-old woman was evicted from the southwest Detroit home where she lived for nearly six decades, after her 65-year-old son failed to pay the mortgage. Texana Hollis was evicted Monday and her belongings were placed outside the home. Her son, Warren Hollis, said that he didn't pay the bill for several... Continue Reading »
May 6th 2011 11:30AM
Just in time for the spring buying season, mortgage rates have fallen to their lowest level in five months, according to a lender survey released this week. This marks the fourth straight week in which mortgage rates have dropped. The benchmark for conforming 30-year fixed rate mortgages fell to 4.88 percent, down from... Continue Reading »
May 5th 2011 5:00PM
Roundly blamed as one of the key reasons behind the collapse of the housing market, the once-popular ARMs--adjustable-rate mortgages that started low and then adjusted to higher and less affordable payments--have crept back into the marketplace. The home-loan product that was virtually eradicated during the housing bust is... Continue Reading »
