Tag: lending

  • Average U.S. Rate on 30-Year Loan at 4.41%

    Mortgage Rates Edge Down Again

    Mortgage buyer Freddie Mac says the average for the 30-year loan fell to 4.41 percent and the average for the 15-year loan eased to 3.45 percent. Continue Reading

  • Don't Buy New, Borrow From Your Neighbor

    Don't Buy New, Borrow From Your Neighbor

    So there you are, packing for your European backpacking trip when you realize that you pretty much have everything you need except the backpack. Most would have to go to their nearest sporting goods store and drop two hundred dollars for two weeks of use, then stick it in the back of a closet where moths will... Continue Reading

  • Low Mortgage Rates: Protection Against Double-Dip Recession?

    Low Mortgage Rates: Protection Against Double-Dip Recession?

    An apple a day keeps the doctor away, while a low mortgage rate ... keeps recession at bay? That's the thinking at Morgan Stanley, where economists have published research arguing, among others things, that rock-bottom mortgage rates are helping the US economy avoid a double-dip recession. In the report,... Continue Reading

  • Homebuyers Hit by Commercial Real Estate Slide

    Homebuyers Hit by Commercial Real Estate Slide

    Maybe you've considered refinancing your mortgage with a loan from a smaller bank. Well the next time you go to visit, the sign on the bank window may say "closed." That's because many small and regional banks are under serious pressure from the growing troubles in commercial real estate. Three more banks... Continue Reading

  • Changes in Store for FHA-Backed Loans, Says Commissioner

    Changes in Store for FHA-Backed Loans, Says Commissioner

    The Federal Housing Administration has become a lifeline for the flagging housing market. Nearly half of all first-time buyers looked to the agency for home loans in the second quarter of last year. With that kind of demand, is the FHA becoming a risk for the U.S. taxpayers who back it? And what's the best way... Continue Reading

  • Homes No Longer ATMs

    Homes No Longer ATMs

    During the boom years, when credit flowed like cheap wine, many homeowners used their homes as personal ATMs, borrowing against the inflating value of their homes. Not anymore. Today, fewer people have equity to tap as home values sunk in many parts of the country, and banks are using stricter lending standards... Continue Reading

  • Rent More Than Just Your Housing

    Rent More Than Just Your Housing

    Not sure you can make your rent this month, or just need some extra pocket money? Look around your place and see what you have that other people might want to rent–for cash. Rentalic.com facilitates private-party rental agreements for just about anything you can borrow or lend, from baby equipment to... Continue Reading