Mortgage rates are continuing their creep upward in a trend that well may choke off a recent refinancing boom and provide a test of the strength of the housing market in 2010. Freddie Mac’s widely watched survey found that rates averaged 5.14% this …
McLEAN, Va. – Mortgage rates rose for the fourth straight week, ending the year above 5 percent. The average fixed rate on a 30-year mortgage was 5.14 percent this week, up from 5.05 percent last week, Freddie Mac said Thursday. Mortgage rates are …
Today is the first day of the last year of an interesting decade. I thought I’d use today’s column to regurgitate what the economic experts are predicting for the economy this year. Because this is a mortgage column, let’s talk about interest rates …
McLEAN, Va. (AP) – Mortgage rates rose for the fourth straight week, ending the year above 5 percent. The average fixed rate on a 30-year mortgage was 5.14 percent this week, up from 5.05 percent last week, Freddie Mac said Thursday. Mortgage rates …
Warren Group CEO Timothy Warren Jr. attributed the decline in completed foreclosures to trial mortgage loan modifications provided by lenders and a Massachusetts Land Court decision that has forced some lenders to hold back on recording foreclosure …
WASHINGTON (Reuters) – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company. GMAC said after the capital …
… various rating actions on Bear Stearns Commercial Mortgage Securities Trust’s (BSCMSI) commercial mortgage pass-through certificates, series 2005-PWR8 including downgrades of 13 classes. A detailed list … Fitch forecasts potential losses of
Mortgage interest rates crept up for the fourth week in a row Thursday, a troubling sign for borrowers hoping that home finance will remain near historic lows during the new year. The rate on a 30-year fixed loan rose to 5.14 percent, from recent …
–$12,047,000 class 1A1 ‘AAA’; Outlook Stable; –$12,596,000 class 2A1 ‘AAA’; Outlook Stable; –$25,244,000 class 3A1 ‘AAA’; Outlook Stable; –$17,215,000 class 4A1 ‘AAA’; Outlook Stable; –$43,636,000 class 5A1 ‘AAA’; Outlook Stable; –$40,427,000 …
GMAC Financial Services is expected to get about USD3.5 billion of additional US government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday. The money will help shore up …
