Good news or bad news? Depends, perhaps, on what you do with it. Freddie Mac?s weekly survey of mortgage interest rates today reveals the rate on the 30-year fixed mortgage has hit a new low: 3.84% for the week ending May 3, down from 3.88% last week and 4.71% a year ago. As a matter of fact, all the rates surveyed hit new lows.
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Personal Finance Daily: Mortgage rates hit new lows
Posted by mortgage 19 days ago (Editorial)Personal Finance Daily: Mortgage fees signal higher housing costs
Posted by mortgage 85 days ago (Editorial)
While mortgage interest rates cling to record lows, mortgage-related fees are creeping up. And consumers should pay attention to any fee increases because they could be a sign of what?s to come: increasingly higher costs to get a government-backed mortgage.
Personal Finance Daily: 5 reasons it?s tough to get lowest mortgage rates
Posted by mortgage 204 days ago (Editorial)
If you?ve been wondering why your mortgage lender won?t offer you the record low interest rates you keep hearing about, we?ve got five reasons for you. Read that story and more in today?s Personal Finance Daily.
Investment Bankers, Hedge Funds Turn to Mortgage Daily
Posted by mortgage 303 days ago (Editorial)
A growing number of analysts from investment banking firms and hedge funds are using Mortgage Daily, a leading source of online mortgage news, as a tool for historical statistics and news about issuers of mortgage-backed securities.
Crisis leaves three lessons unlearned two years on (Daily Telegraph)
Posted by mortgage 1015 days ago (Editorial)
In the beginning there was only a financial crisis. When the US subprime mortgage market blew up in August 2007 few economists worried too much about the wider impact.
Low mortgage rates to drive up prices (Otago Daily Times)
Posted by mortgage 1015 days ago (Editorial)
Low mortgage rates are set to drive up house prices by an expected 24% by June next year from the same month this year, a report out yesterday says. read more
Pro-Consumer Fin'l Agency A Key Divide (Investor's Business Daily via Yahoo! News)
Posted by mortgage 1070 days ago (Editorial)
The White House's proposed financial rules overhaul Wednesday includes provisions that push banks to increase lending to low-income areas, even as it seeks to increase both federal and state oversight of that "subprime" market.
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