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News about Mortgages:
A Rush Into Refinancing as Mortgage Rates Fall - The LedgerLast week, the Federal Reserve announced that it would buy $500 billion in mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. Mortgage rates immediately dropped, and that led to a surge in mortgage refinancing activity ...
Borrowers rush to refinance - MarketwatchCHICAGO (MarketWatch) -- Mortgage applications filed last week rose a seasonally adjusted 112.1%, compared with the week before, as borrowers rushed to lock in lower rates, according to the Mortgage Bankers Association's weekly survey, released on ...
Fed Aid Sets Off a Rush to Refinance - Wall Street JournalThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
Is Now The Time To Refinance? - KTULTulsa - Mortgage rates are falling. So, you may be wondering if now is a good time to refinance. With mortgage rates again in the 5 to 6 percent range, it's sure tempting. But, not everyone can or should "re-fi". Before you rush to refinance to get ...
Four Things to Know Before You Refinance Your Mortgage - CNBCThe Federal Reserve's decision to buy up mortgaged-backed securities caused mortgage rates to fall and created new opportunities. Should you refinance your mortgage now? Before you rush to refi, take a few minutes to determine if it's the right move ...
A Rush Into Refinancing as Mortgage Rates Fall - The LedgerThe housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance ...
Fitch Rates Illinois Finance Authority $50MM Revs Ser 2008A (Rush ... - PR InsideFitch Ratings assigns an 'AA-/F1+' rating to the $50,000,000 Illinois Finance Authority variable rate demand revenue bonds series 2008A (Rush University Medical Center Obligated Group) (the bonds). The rating is based on the support provided by an ...
A rush into refinancing as U.S. mortgage rates fall - International Herald TribuneThe U.S. housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Last week, the Federal Reserve announced that it would buy $500 ...
US housing market slump to last despite rise in opportunists - Gulf NewsNew York: The lowest mortgage rates in three years are luring first-time buyers and cost-cutting refinancers, but falling home prices and mounting unemployment will keep US housing in its deepest slump since the Great Depression. Applications to buy ...
Deadline Nears for Big Three - Wall Street JournalAuto Deadline: Tuesday is the date Congress gave General Motors, Ford Motor and Chrysler to return with a plan to become "viable" after lawmakers rebuffed bailout pleas. Economic Indicator: The Institute for Supply Management releases its national ...
Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
View all Terms