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 »
Mar 9th 2011 12:17PM
Until recently, the only dilemma for home loan seekers was what kind of mortgage to take on: a 30-year fixed rate mortgage or adjustable rate (ARM). A gentle upward climb of current mortgage rates -- as well as home prices -- was looking inevitable. The smart money was predicting that home prices had dropped as low as they... Continue Reading »
Feb 15th 2011 5:30PM
With cheap mortgage rates topping 5 percent for the first time since April 2010, it's time to start getting serious if you're thinking of buying a home. While rates are still historically low, as the government begins to make decisions about what to do with Fannie Mae and Freddie Mac, you can be certain of one thing --... Continue Reading »
