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Low Rate Mortgage News

Chelsea's record-low, fixed-rate mortgage deal could spark a new price war - The Independent


Chelsea's record-low, fixed-rate mortgage deal could spark a new price war
The Independent
Just when borrowers thought good times in the mortgage market were coming to an end, a surprise, new offer could spark another price war. Chelsea Building Society is offering a five-year, fix-rate deal at an all-time low rate of 3.19 per cent.

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Refinancing: Time to Act? - Wall Street Journal


Think Money

Refinancing: Time to Act?
Wall Street Journal
Many homeowners who are able to refinance are still holding out. The average rate for a 30-year fixed-rate mortgage fell to a record low of 3.87% for the week ended Feb. 2, according to mortgage-finance giant Freddie Mac. Rates on fixed-rate 15-year ...
Mortgage Rates New Record Low Attracts Attention From Consumers According To ...San Francisco Chronicle (press release)
Mortgage rate falls to record 3.87 percentChicago Sun-Times
30-year mortgage rate falls to record-low 3.87%MarketWatch
MainStreet -Think Money -Business Insider
all 367 news articles »

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President's plan could help underwater homeowners - Las Vegas Review-Journal


Bloomberg

President's plan could help underwater homeowners
Las Vegas Review-Journal
The benchmark 5/1 adjustable-rate mortgage fell 7 basis points to 3.02 percent, and the benchmark 30-year, fixed-rate jumbo fell 7 basis points to 4.55 percent. This is the lowest the rate on 30-year-fixed mortgages has reached since Bankrate started ...
Obama's Mortgage Relief Plan Is Immediately Attacked By The Right-Wing MediaMedia Matters for America
2012 housing market forecastMoneyExpert
Obama Vows to Cut Lender Red Tape Stymieing Homeowner Borrowing: MortgagesBloomberg
BusinessWeek -Washington Post (blog) -CNN (blog)
all 489 news articles »

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Mortgage Rates: Low Mortgage Rates Stable, But At Risk As Investors Send ... - FreeRateUpdate.com


Mortgage Rates: Low Mortgage Rates Stable, But At Risk As Investors Send ...
FreeRateUpdate.com
Today's low mortgage rates remain stable, but are at risk as investors sent stocks surging after it was released that the unemployment rate dropped to 8.3%. The Labor Department reported that non-farm payrolls increased by 243000 as factory jobs grew.

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Obama Seeks Refinancing Aid to Lift Housing - Wall Street Journal


Wall Street Journal

Obama Seeks Refinancing Aid to Lift Housing
Wall Street Journal
The plan aims to help borrowers who are current on their mortgages refinance into lower-interest federally insured loans. Borrowers would qualify even if they owe more than their homes are worth or if they have trouble securing a new mortgage from a ...
Obama details plan to throw a line to 'underwater' homeownersPhiladelphia Inquirer
Obama to detail broader housing refinance planBusinessWeek
Obama proposes refinancing planCNNMoney
San Jose Mercury News -CBS News
all 1,125 news articles »

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30-year mortgage rate hits new low of 3.89% - Washington Post (blog)


CBC.ca

30-year mortgage rate hits new low of 3.89%
Washington Post (blog)
By Jonathan O'Connell Mortgage rates hit a new historic low this week, averaging 3.89 percent for 30-year fixed-rate loans and beating the previous record — matched just the week before — of 3.91 percent, according to weekly survey data released ...
BMO Awarded 2011 Mortgage of the Year from Canadian Mortgage Trends-Reduces ...Marketwire (press release)
BMO Low-Rate Mortgage Named Canadian Mortgage Trends 2011 Mortgage of the YearMarketWatch (press release)
Mortgage Rates for 30-Year US Loans Fall to Record-Low 3.89%BusinessWeek
Bloomberg -CBC.ca -CTV.ca
all 429 news articles »

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Genworth Adds Risk of Rate Rise by Ending $950 Million Hedge - BusinessWeek


Genworth Adds Risk of Rate Rise by Ending $950 Million Hedge
BusinessWeek
Genworth tapped its hedging program for cash as the company's unprofitable US mortgage-insurance business hurt results. The Federal Reserve has kept interest rates near zero, and said last week that economic conditions may warrant “exceptionally low ...

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