Feb. 27–The brochure was dropped in Laura Odom’s mailbox six years ago. If she signed up for CenterPoint Energy’s “no surprise” program, the utility company told her, she wouldn’t have to worry about rising natural gas prices. The problem is …
The yield on the 10-year Treasury note maturing in February 2020, which is a basis for rates on mortgages and other consumer loans, fell to 3.69 percent Tuesday from 3.80 percent late Monday. Its price rose 29/32 to 99 15/32. Rising demand at a …
… Fannie Mae and Freddie Mac said they would boost their purchase of delinquent home mortgages by acquiring loans that are behind at least 120 days. As a result, economists expect the rate on a 30-year, fixed-rate mortgage to remain under 6 …
It’s been 16 months since Eugene and Patricia Harrison last paid the mortgage on their Perris home. Eleven months since the notice got slapped on their front door, warning that it would be sold at auction. A terse letter from a lawyer came eight …
If you plan to take out a mortgage or refinance any time soon, you might want to hear this blunt message from federal officials: Don’t fly blind. When you’re shopping among competing lenders for the best loan terms and fees, make sure you know which …
Mortgage rates climbed for the first time in three weeks, increasing borrowing costs as new-home sales slumped to the lowest level on record. The average interest rate on a 30-year, fixed-rate mortgage was 5.05 percent this week, up from 4.93 percent a week earlier, mortgage finance company Freddie
Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels. The average rate on a 30-year fixed rate mortgage was 5.05 percent this week, up from 4.93 percent a week …
Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year. The rescue of Fannie Mae and sister company Freddie Mac is …
Investors still nursing wounds from the subprime-mortgage crisis fear the Greek sovereign- debt issues could be the start of a broader unraveling across the euro zone, said Gary Flam, portfolio manager at Bel Air Investment Advisors. “
NEW YORK (CNNMoney.com) — Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government. Fannie Mae ( FNM , Fortune 500 ), which is controlled by the …
