Cape Cod Associates Real Estate

MORTGAGE RATES fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. The average rate for a 30-year fixed mortgage dropped to 4.36% this week from 4.42% last week, mortgage finance giant Freddie Mac said yesterday. That's the lowest since 1971, when the company began ...

Reuters: The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed. The new aid programs, funded from the $50 billion allocated to housing rescue under the Treasury ...

January 13, 2009-A bill that embraces the need for righting the housing market-the first big step toward economic recovery-was introduced Friday in the U.S. House of Representatives by Representative Barney Frank. H.R. 384, The TARP Reform and Accountability Act, was offered by Rep. Barney Frank (D-Mass.), chair of the House Financial Services ...

For the fourth consecutive week, mortgage rates have fallen to all-time lows. The 30-year mortgage rates averaged 5.01 percent this week, which is a drop from last week's 5.1 percent. Last year at this time, rates averaged 5.87 percent. "Interest rates for 30-year fixed-rate mortgages fell for the 10th week ... due in part to the Federal ...