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Mortgage rates fall to third straight record low - Associated PressWASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...
Lenders Are Backlogged by Refinancing Rush - Washington PostBorrowers are rushing to refinance their mortgages at record low rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time when layoffs have sharply cut staffing. Bank of America , which started shedding 7,500 ...
Mortgage applications soar in LV Homeowners jump on opportunity to ... - Las Vegas Review JournalNew mortgage applications, driven by requests to refinance at cheaper rates, are on the rise in Las Vegas. Chris Biaggi, president of All Western Mortgage in Las Vegas, said mortgage applications have increased about 50 percent in December compared ...
Mortgage rates hit record low again - Inside Bay AreaWASHINGTON — Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data nearly 28 years ago. Rates have been falling since late November, when the Federal ...
Daily Record Business Writer - Maryland Daily RecordAfter a flurry of mortgage-related legislation last session, the financial sector looks as if it is taking a wait-and-see approach this year. Although there have been rumblings about some housing bills on the state level, the changing of the guard in ...
Mortgage rates fall to third straight record low - Associated PressWASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...
Citigroup reaches agreement with key senators on mortgage bankruptcy ... - Minneapolis Star TribuneFeatured comment Where's My Bailout Washington So, I didn't refinance to buy a boat, new car, cabin or other things and I didn't buy a home with zero down that I couldn't afford. So my … read more reward is to help bailout those others who did just ...
Ap » Washington - Waterloo Cedar-Falls CourierWASHINGTON - As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to settle ...
Mortgage applications remain at 5-year highs - WTOP RadioWASHINGTON (AP) - Mortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans. While low rates are a great opportunity for borrowers ...
Recession more severe than thought: Fed's Rosengren - Yahoo NewsWEST NEWTON, Massachusetts (Reuters) – The U.S. recession looks to be longer and more severe than originally thought, but there are signs that the economy will improve in the second half of 2009, a top Federal Reserve official said on Thursday. "It ...

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Today's Mortgage Terms starting with S
Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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