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The market for subprime and other risky residential mortgage bonds may draw enough demand to overshadow the profit-taking that has marked some of the trading this month, according to a survey taken by J.P. Morgan Chase & Co. this week.
While Mercer County was spared the worst of the foreclosure crisis, a new survey from Princeton University shows stark gaps in foreclosure filings based on race and income and warns more foreclosures could be on the horizon based on the number of homeowners with houses that are worth less than their mortgages.
Occupy Wall Street supporters surely will be none too pleased by this.
Despite historically favorable housing affordability conditions, recent home buyers are staying well within their means, with modestly higher down payments than buyers in the previous year due to the restrictive mortgage credit environment, according to a study released by the National Association of Realtors.
ANAHEIM, CA-- - Recent home buyers are staying well within their means with notably higher incomes and modestly higher downpayments than buyers in the previous year due to the restrictive mortgage credit ...
Mortgage rates: The interest rate on a 30-year fixed mortgage held steady this week at a 60-year low while the 15-year fixed loan edged down to a new record low, mortgage finance company Freddie Mac said in its weekly rate snapshot.
Mortgage rates have plunged to all-time lows amid concerns the economy is stalling again, Freddie Mac said in its weekly survey. Lenders were offering the 30-year fixed-rate home loan at an average rate of 4.12% this week, down from 4.22% last week, Freddie Mac said Thursday. The 15-year fixed loan was at 3.33%, down from 3.39%.

Mortgage rates fall to lowest levels in survey

Posted by mortgage 275 days ago (Editorial)
Los Angeles? Mortgage rates tumbled to the lowest level in the history of Freddie Mac's weekly survey, with 30-year fixed-rate home loans being offered this week at an average 4.15 percent, down from 4.32 percent last week.

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