Posts Tagged ‘mortgage bankers association’

Mortgage rates slip for sixth straight week

Diane Alter – Fourth Estate Cooperative Reporter Arlington, Va., United States (4E) – Mortgage rates have slipped for the sixth consecutive week, hitting all-time record lows in the wake of weak economic and jobs data. According to a report released Thursday by Freddie Mac, the average rate on a 15-year fixed loan dropped to 2.94 [...]

Mortgage rates fall to new low–again

Diane Alter – AHN News Reporter Arlington, VA, United States (AHN) – Mortgage rates fell to new lows again for the week ended May 10, with the 30-year averaging 3.83 percent. Freddie Mac said in a statement Thursday, “Following April’s weaker than expected employment report and the French and Greek election results raising concerns over [...]

Mortgage rates hit another record low

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for U.S. 30 year mortgages dropped to the lowest level on record as the number of homeowners seeking to reduce their monthly payments soared. The average rate for a 30-year fixed loan for the week ending Jan. 19 fell to 3.88 [...]

Report shows nearly a quarter of nation’s foreclosures are in Florida

Palm Beach Post Thursday, May 26, 2011 WEST PALM BEACH — Nearly a quarter of the nation’s home foreclosures have Florida addresses, leaving the Sunshine State with the largest chunk of the country’s mortgage problem. The number of Florida loans in foreclosure — 466,454 — is more than the total number of loans in 22 [...]

Bankruptcy Loan Modification Bill Is Approved By House

Last week, a bill which allows bankruptcy judges to lower mortgage payments was approved by the house and will now be sent to the Senate. This bill is expected to show great relief to struggling homeowners unable to meet their monthly mortgage payments currently. Before the bill was approved by the House, major banks and [...]

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