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 »
Apr 21st 2011 10:26AM
Although foreclosure activity in Phoenix is down slightly from 43 percent to 38 percent of the total market month-over-month, it is still a tough market for potential sellers. Dawn Yazzie-Howard just went under contract with her 3-bedroom, 2-bath home in Mesa, Ariz., after eight months on the market. The news is... Continue Reading »
Feb 16th 2011 11:40AM
Nothing's a sure thing with mortgage rates, and the longer you wait, the greater your chance of missing a prime opportunity to refinance your home mortgage. That was the message from a recent video interview with Jean Chatzky, finance editor for NBC's Today Show. Nikhil Hutheesing from our sister site, DailyFinance, asked... Continue Reading »
Dec 28th 2010 6:30AM
With mortgage interest rates traveling for months between around 4.2% to around 4.45%, mid-December suddenly brought new spikes with rates spiking as high as 5.19%, a six-month high. The sudden yo-yo has left many consumers (and even experts) scratching their heads: Are mortgage interest rates really going up?... Continue Reading »
Dec 22nd 2010 7:41AM
The demand for homes continues its downward slide. Mortgage applications, a measure of home sales in the pipeline, fell 18.6 percent for the week ending December 17, according to the Mortgage Bankers Association. The sixth straight week of declines in refinance applications, a whopping 24.6 percent, reflecting the... Continue Reading »
