Feb 3rd 2012 11:50AM
WASHINGTON -- The average rate on the 30-year-fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. But even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87... Continue Reading »
Dec 14th 2011 5:00PM
Now when you want to complain about your mortgage, the federal government is there to listen. Without much publicity, the Consumer Financial Protection Bureau has just launched a hotline to help resolve disputes that borrowers have with lenders. In a recent column that tipped us to the service, Kenneth R. Harney reports... Continue Reading »
Nov 9th 2011 11:00AM
Mortgage applications increased 10.3 percent this past week as more homeowners refinanced existing mortgages or took advantage of lower interest rates to buy homes. The Mortgage Bankers Association said its market composite index -- a measure of loan application volume -- increased 10.3 percent on a seasonally adjusted... Continue Reading »
Sep 7th 2011 3:10PM
Despite record low mortgage rates, mortgage applications fell 4.9 percent for the week ending Sept. 2, according to an industry trade group. The Mortgage Bankers Association said Wednesday that its market composite index -- a measure of mortgage loan application volume -- fell 4.9 percent on a seasonally adjusted basis... Continue Reading »
Apr 20th 2011 9:32AM
Are home buyers starting to make their move? The latest data certainly suggests something along those lines: Mortgage applications rose 5.3 percent last week, according to the Mortgage Bankers Association. While much of that increase likely was due to an increase in FHA government-backed loans before insurance rates rise,... Continue Reading »
