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Mortgage Rate Dip Gets Borrowers' Attention - Washington Post
For the first time in months, interest rates slipped below 6 percent this week, prompting Donna Gillis to immediately refinance the mortgage on her D.C. rowhouse. "It would have bothered me not to be in the 5 percent range, even though the monthly ...

Mortgage Rates May Fall After Fannie, Freddie Rescue (Update1) - Bloomberg
Sept. 9 (Bloomberg) -- The U.S. government takeover of Fannie Mae and Freddie Mac on Sept. 7 may provide relief for homeowners who want to refinance mortgages and prospective buyers shopping for a loan. The U.S. average 30-year fixed rate fell today ...

Mortgage Rate Drops, but It’s Still No Easy Money - Best Syndication
With all the talk recently about bankruptcies on Wall Street and a credit crunch that's crippling banks, the latest financial news may be a bit surprising: Getting a new mortgage may be cheaper now than it's been in months. The average interest rate ...

Fink Says Asset Relief Program Will Loosen U.S. Mortgage Market - Bloomberg
Sept. 19 (Bloomberg) -- Laurence Fink , chief executive officer of BlackRock Inc., the largest publicly traded U.S. money manager, said the U.S. government's proposed troubled asset relief plan will make more mortgages available to homebuyers and ...

Takeover seen as good but no cure - Herald Tribune
Freddie Mac, based in McLean, Va., is now in the hands of the federal government. The move is expected to loosen mortgages and help improve interest rates. It will not reverse years of damage to the nation's once-high-flying housing market. It will ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

Business Right Now - Idaho8.com
WASHINGTON (AP) - A GOP revolt has stalled urgent efforts to put together a national economic rescue plan. Weary congressional negotiators worked into the night, joined by Treasury Secretary Henry Paulson in an effort to revive or rework the $700 ...

Right At Home - 630 WMAL
Buying a home - Selling a home - Home renovation - Home fix-up - Interior design - Vacation Homes - Income-producing properties - Property assessments and taxes - Home inspection - Condo living - Land-only purchases - Home Improvements that “pay ...

Steps needed to halt financial 'tsunami' - The Age
The US government needs to start using more of its money to support markets to stem a burgeoning ``financial tsunami,'' according to Bill Gross, manager of the world's biggest bond fund. Banks, securities firms and hedge funds are dumping assets ...

Mitsubishi, union reach tentative deal on contract - Pantagraph
NORMAL — Mitsubishi Motors North America and United Auto Workers Local 2488 have reached a tentative contract agreement, the two sides announced Friday morning. Both sides declined further comment on the proposed pact until a vote by the union’s ...

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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