Housing Market, Records | featured news

Mortgage rates for the year at lowest rate since 1947

Mortgage rates, which took some dramatic dips in 2012, were among the lowest on record this year, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate average dropped to 3.35 percent, down 0.7 from the week before. It is substantially lower than the 3.95 percent level it reached during the final week of 2011.

 

Rate on 30-year mortgage falls to record 3.49 pct.

The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.

 

US rate on 30-year mortgage: 3.53 pct., new record

Average rates on fixed mortgages fell again this week to record lows, creating more incentive for buyers to enter the recovering housing market.

 

30-year mortgage below 4 pct. for first time ever

30-year mortgage below 4 pct. for first time ever

The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent....

Senh: Now's the time to buy a new home. Oops, no one can qualify for a new loan because they've already foreclosed on a house.

 

Mortgage Rates Reach Record Lows

U.S. mortgage rates dropped to new lows after the latest round of gloomy economic data hurt Treasury yields, according to Freddie Mac's weekly survey of mortgage rates.

 

Mortgage Rate on 30-Year Loan Falls to Record 4.19%

Mortgage Rate on 30-Year Loan Falls to Record 4.19%

A six-month decline in mortgage rates has spurred a surge in refinancing while doing little to increase property demand as US unemployment hovers near 10 percent.

 

US home foreclosures reach record high in second quarter

US home foreclosures reach record high in second quarter

The number of U.S. homes taken back by banks through foreclosure hit a record high in the second quarter, even as lenders delayed more homes from entering the process through short sales and loan modification efforts, according to data to be released Thursday.

Senh: Until banks are willing to reduce homeowners' principals, this will continue to be high. Home values have dropped so much, it's just not worth it to keep them. Also, banks like Bank of America need to get their act together. All they're doing regarding loan modifications is pay lip service to the government. So little loan mods are done, you wonder what they're doing with all the billions the government gave them. Oh wait, that's right, they're giving their execs bonuses for doing such a piss-poor job.

 

Mortgage Rates Tick Down to New Low

Mortgage rates mostly fell the past week, with the average rate on 30-year fixed-rate mortgage falling slightly, extending its record low.

 

US new home sales hit record low

US new home sales hit record low

Sales of new homes in the US fell to their lowest level on record in February, figures show.

 

U.S. home foreclosures set another record in July

U.S. home foreclosures set another record in July

U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.

 

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