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The rush to refinance - Boston GlobeThe mortgage interest rates have gone down again. Does that mean that refinancing is the best thing you can do? It’s a dirty little secret that most of the homeowners who are under water got there through refinancing, not by borrowing for their ...
Asian bonds flat as investors focus on the Philippines - Business WorldManila has sent invitations to 11 banks including Citigroup, Credit-Suisse and UBS to seek advice on the prospects for a bond issue, National Treasurer Roberto B. Tan said on Monday. Yesterday, he said the Philippines should soon choose underwriters ...
Waco banks seeing a boom in mortgage refinance applications - Waco Tribune-HeraldWith mortgage rates hitting record lows, Mary Jo Teakell is seeing a growing backlog of refinance applications. “We’re quite busy right now,” said Teakell, senior vice president at Extraco Banks, commenting on the surge in people wanting to get ...
Home-loan applications rise for 3rd week - Providence Business NewsWASHINGTON – U.S. mortgage applications last week rose for the third consecutive week as interest rates fell to near-record levels, the Mortgage Bankers Association reported today. Home buyers accounted for much of the increase, hinting that low ...
US CREDIT-Dow Chemical debt faces pressure on bridge loan - ReutersNEW YORK, Dec 30 (Reuters) - Dow Chemical Co's ( DOW.N ) debt has been hit by concerns about how it can refinance a bridge loan as large as $13 billion, if it draws on the loan to complete a planned purchase of rival Rohm & Haas ( ROH.N ). Until Dow ...
Mortgage refinancing skyrockets - Cincinnati.comWith U.S. mortgage rates the lowest in 30 years, local lenders say they've seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky. From the largest commercial banks to ...
Mortgage rates fall to new record low - Associated PressWASHINGTON (AP) -- Rates on 30-year fixed-rate mortgages fell to a record low for the second straight week, causing refinancing applications to surge to the highest level in more than five years, a month after the Federal Reserve pledged to channel ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Yahoo today revealed how much it was spending on legal fees to defend itself against Microsoft Corp’s hostile offer: $22 million. That is 17 ...
Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2) - BloombergJan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime ...
NHB sees more rate cuts by home finance firms - Business Standard“As we have reduced rates, we expect housing finance companies to reduce too and pass on the benefits to consumers. Many housing finance companies have already reduced rates by 50-75 basis points. I expect them to cut rates further,” NHB Chairman ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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