Browse by Tags
» Finances (RSS)
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 ...
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 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 ...