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CORRECTED - UPDATE 2-US mortgage rate drops 10th week, to record low - Reuters UK
NEW YORK, Jan 8 (Reuters) - The average interest rate on 30-year U.S. fixed-rate mortgages dropped to a 38-year low of 5.01 percent in the latest week, after the Federal Reserve launched its mammoth plan to lower home borrowing costs, Freddie Mac ...

US recession more severe than thought-Fed's Rosengren - Guardian Unlimited
WEST NEWTON, Massachusetts, Jan 8 (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 ...

UPDATE 1-US recession more severe than thought-Fed's Rosengren - FXStreet.com
WEST NEWTON, Massachusetts, Jan 8 (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 ...

Fed’s Rosengren Calls for ‘Concerted’ Fiscal, Monetary Policies - Bloomberg
Jan. 9 (Bloomberg) -- The U.S. government needs to pursue “concerted” fiscal and monetary policies to revive housing finance, Federal Reserve Bank of Boston President Eric Rosengren said. “We have seen improvements of late in the functioning of ...

Fed's Rosengren says recession more severe than thought - FXStreet.com
NEW YORK, Jan 8 (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 appears the ...

Recession more severe than thought: Fed's Rosengren - Reuters
WEST 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 ...

Citigroup agrees to allow judges to help modify some mortgages - Idaho Statesman
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. Freddie Mac reported Thursday that average rates on 30-year fixed mortgages ...

Mortgage Apps Fall, Household Apps Rise, MBA Reports - Nuwireinvestor.com
Lenders have seen a refinancing boom in recent weeks, but the last week saw a notable decline in mortgage application acitivity and an increase in volume for household applications . For more on this, read the following article from HousingWire ...

Citigroup reaches agreement with key senators on mortgage bankruptcy ... - Minneapolis Star Tribune
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 that. Stupid me huh? Is it too late to ...

America Craves Stimulus, Obama Says, But Signals It'll Just Be The ... - Investors Business Daily
President-elect Obama on Thursday made his fullest case yet for massive stimulus, saying only urgent, unprecedented action could avert a multi-year recession and double-digit unemployment. But while stimulus talk has taken center stage, Obama said it ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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