Mortgage rates in the U.S. fell to a record for a third straight week, reducing borrowing costs as the housing market improves and home-loan defaults decline.
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Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.79%
Posted by mortgage 6 days ago (Editorial)
Ally not looking to sell U.S. auto lending: CEO
Posted by mortgage 8 days ago (Editorial)
(Reuters) - Ally Financial is "absolutely not" looking to sell its core U.S. auto lending business as it seeks ways to pay back $12 billion it owes to U.S. taxpayers after a government-funded bailout during the financial crisis, the company's CEO said Tuesday. Ally, the former in-house financing arm for General Motors Co , on Monday announced plans to sell some international operati
Former GM mortgage unit files for bankruptcy in the US
Posted by mortgage 8 days ago (Editorial)
ResCap, the subprime mortgage lender that was once owned by the US car giant General Motors, filed for bankruptcy protection yesterday in a move that is expected to help its parent company, Ally Financial, focus on its main car lending business and put together a plan to pay back billions to US taxpayers.
US rate on 30-year mortgage hits record 3.83 pct.
Posted by mortgage 13 days ago (Editorial)
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.
US Mortgage Rates Hit New Low For Second Week: Freddie Mac
Posted by mortgage 13 days ago (Editorial)
U.S. 30-year fixed-rate mortgage rates hit a new record low in the week ending May 10, following lower Treasury bond yields and weaker economic data in April, mortgage financier Freddie Mac said Thursday.
Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.83%
Posted by mortgage 13 days ago (Editorial)
Mortgage rates in the U.S. declined for a third week, reaching record lows as the housing market shows signs of stabilizing.
Ally Gets Nod for ResCap Filing as U.S. Seeks Repayment
Posted by mortgage 15 days ago (Editorial)
Ally Financial Inc. (ALLY) , the auto lender majority-owned by taxpayers, received U.S. Treasury Department approval to put its Residential Capital unit into bankruptcy as the government seeks to recover bailout funds.
Mortgage Rates in U.S. for 30-Year Loans Fall to Record Low
Posted by mortgage 20 days ago (Editorial)
The average rate for a 30-year mortgage fell to 3.84 percent in the week ended today from 3.88 percent, Freddie Mac said in a statement.
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