Financial Services
Mortgage interest rates set record lows
WASHINGTON, Sept.
6 ways to come up with a down payment on a home
The current economic crisis has made getting a home loan a lot more difficult. Credit has tightened, and banks are requiring that potential homebuyers put more skin in the game. One of the ways that banks are doing this is by requiring larger down payments from home buyers.
Looking for home sales to increase? Don’t hold your breath
Last week’s news that July home sales were in the tank sent the Dow Jones industrial average below the 10,000 benchmark over worries the economy is heading toward the second plunge of a double-dip recession. Don’t expect the sales numbers…
Mortgage rates hit decades-low: 4.32 percent for 30-year fixed loans
WASHINGTON — Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy. The average rate for a 30-year fixed loan was 4.
Mortgage applications rise 2.7 percent amid low rates
Mortgage applications rose 2.7percent last week as more borrowerstook advantage of the lowest rates indecades to reduce their monthly loanpayments, the Mortgage Bankers Associationsaid Wednesday.
The 15-Year Home Loan Rises in Popularity
The interest rate for 15-year loans is astonishingly low — about 3.86 percent on average, according to a survey of rates taken last week. A 15-year loan usually contains a lower rate than a 20- or 30-year loan.
Mortgage Modifications Still Face Struggles in Struggling Economy
Mortgage modifications are something both the Obama administration and banks are providing for delinquent home owners in an attempt to help the economy. But as much as banks and the Home Affordable Mortgage Program launched by President Obama are trying to help, still others are weary of how genuine the programs are. “Sometimes lenders push modifications forward, but often they let them die on …
Home loan firm to close Raleigh office and lay off 242
A Florida company that acquired a loan serving company with an office in Raleigh plans to close the facility and eliminate 242 jobs.
Allied Home Mortgage Capital Corporation Opens New Branch in Gloucester County, New Jersey
HOUSTON—-Allied Home Mortgage Capital Corporation opens a new home loan branch office in Gloucester County, NJ near Woolwich Township.
Summary Box: Mortgage applications edge up
HOME LOAN VOLUME UP: Mortgage applications rose 2.7 percent last week from the week before, the Mortgage Bankers Association said.
