Posts Tagged ‘Mortgage’

Mortgage rates fall to record low

Diane Alter – AHN News Reporter Arlington, VA, United States (AHN) – Mortgage rates in the U.S. have fallen to a record low-again. The average rate for 30-year fixed loan slipped to 3.84 percent for the week ending May 3, down from 3.88 percent in theor week. It is the lowest ever for the 30-year [...]

Mortgage rates fall to record low

Diane Alter – AHN News Reporter Arlington, VA, United States (AHN) – Mortgage rates in the U.S. have fallen to a record low-again. The average rate for 30-year fixed loan slipped to 3.84 percent for the week ending May 3, down from 3.88 percent in theor week. It is the lowest ever for the 30-year [...]

Fed leaves rates steady

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – The Federal Reserve, as widely expected, left interest rates unchanged at a meeting of its policy meeting Wednesday, and it reiterated the central bank’s stance of keeping rates at “exceptionally low levels if needed” through late 2014. The Fed also maintained it will [...]

What Do Republican Presidential Candidates Say on Foreclosure Crisis? Not Much.

ProPublica Staff Washington, DC, United States (ProPublica) – by Lois Beckett As we’ve detailed, President Obama’s plans to help homeowners have come up short time and again. We recently looked at Obama’s latest proposals, most of which are unlikely to make a major dent in the crisis. So, how about the Republican presidential candidates: What [...]

Mortgage rates fall to new lows

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – If it sounds like you have heard this before you are right. Mortgage rates have fallen once again to a record low. On Thursday, mortgage giant Freddie Mac reported the average rate on 30-year fixed mortgages fell to 3.89 percent in the [...]

Mortgage rates fall to historic lows once again

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – How low can they go? That is the question many people are asking after the average rate on 30-year fixed mortgages hit new lows again for the week ending Dec. 22. The average rate on 30-year fixed mortgages fell to a record [...]

Fixed mortgage rates stay low

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The average rate on the 30-year fixed mortgage stayed near its record low for the sixth consecutive week. But, the historically low rates have done little to goose the ailing housing market. On Thursday, mortgage giant Freddie Mac said the rate on [...]

Fannie Mae says it needs $7.8 billion in U.S. aid

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – First Freddie, now Fannie. Fannie Mae, the Washington based mortgage finance company, reported a wider loss in the third quarter on Tuesday and said it needs $7.8 billion more in U.S. assistance. Fannie posted a net loss of $5.1 billion in the third [...]

New fed rules to aid more underwater homeowners

Diane Alter – AHN News Reporter Washington, DC, United States (AHN) – Monday morning the Federal Housing Finance Agency announced new rules that will allow many more “underwater” homeowners, those who owe more than their properties are worth, to refinance at current historical low mortgage rates. Up to a million borrowers are expected to take [...]

Allstate Insurance files lawsuit against Goldman Sachs over $100 million mortgage securities

Vittorio Hernandez – AHN News Manhattan, NY, United States (AHN) – Allstate Insurance filed a lawsuit with the New York state Supreme Court on Monday against Goldman Sachs Group over $100 million worth of residential mortgage-backed securities. The insurer said that Goldman considered the securities junk. Goldman Sachs is not the first company sued by [...]

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