Mortgage News

Rate on 30-year fixed mortgage fell to 4.78 pct.

16:39:36 | 28/04/2011 - Source: 2NEWS.TV

Fixed mortgage rates dipped this week, with the rate on the 30-year loan staying under 5 percent and the 15-year loan falling below 4 percent.

Rate on 30-year fixed mortgage falls to 4.78 pct.

16:39:35 | 28/04/2011 - Source: Leonia Life

Fixed mortgage rates dipped this week, with the rate on the 30-year loan staying under 5 percent and the 15-year loan falling below 4 percent.

As recession persists, 1 rural town clings to life

14:34:58 | 28/04/2011 - Source: Seattle Post-Intelligencer

This town of 1,600 used to live by the steady thump, whirr and whistle of the looms in its giant textile mills, churning out socks and yarn to be used by other mills in a vast region that stretched from the Appalachian foothills to the coastal plains of the Carolinas.

Post-crash, mortgages scarce for minorities: study

10:25:29 | 28/04/2011 - Source: WOZZ-FM Appleton

Funds for refinancing home mortgages were much more available in predominantly white sections of major U.S. cities than in minority areas after the recent housing crash, a study showed on Thursday.

Critical to be vigilant on TARP oversight

08:25:14 | 28/04/2011 - Source: FOX59.com WXIN-TV Indianapolis

The watchdog for the $700 billion bank bailout program said on Thursday it will remain vigilant in protecting taxpayers especially now congressional supervisors have stopped oversight.

Police: Vancouver man set fire to own home that killed 5 kids

04:19:50 | 28/04/2011 - Source: KOMO

Investigators said Wednesday they believe a Washington father who was sliding into financial ruin deliberately set a fire that blew up his home, killing himself and five of his children.

For Fed chief, no news makes for a successful day

01:15:59 | 28/04/2011 - Source: KFMB-TV San Diego

The script was repetitive. The lines were delivered without emotion. There wasn't even a twist.

The Fed: Bernanke pledges continued easy policy

00:20:06 | 28/04/2011 - Source: Market Watch

Federal Reserve Chairman Ben Bernanke on Wednesday used his first-ever press conference to tell an uncertain global market that he's quite comfortable with the current policy stance and is not contemplating any quick policy moves to combat higher inflation or slower growth.

CIT Group Q1 profit falls 55 percent

20:15:37 | 27/04/2011 - Source: WPMT-TV York

CIT Group Inc , the business lender run by former Merrill Lynch Chief Executive John Thain, said first-quarter profit fell 55 percent, hurt by charges linked to buying back debt.

5 ways to pay off your mortgage faster

16:00:59 | 27/04/2011 - Source: KNDU.com

Pay your 30-year mortgage off early and live a debt free life before you're too old to enjoy it! Facing down a 30-year mortgage can be psychologically and financially daunting.

White House eyes Warren associates for consumer job

12:51:09 | 27/04/2011 - Source: WMGI-FM Terre Haute

The White House is zeroing in on close associates of law professor Elizabeth Warren, an outspoken critic of Wall Street, to head the new U.S. consumer financial agency, a source with knowledge of the discussions told Reuters.

Debt explosion has U.S. government playing chicken with S&P

09:36:16 | 27/04/2011 - Source: Deseret Morning News

Recent issues of this newsletter have pointed out that Congressional skirmishes of prior weeks to keep government open were in fact minor league when compared to what was coming in May.

BancorpSouth Posts Q1 Loss

05:36:45 | 27/04/2011 - Source: The Daily News

BancorpSouth Inc . posted a first-quarter loss after increasing its provision for possible credit losses, the company reported.

Affordable rental homes hard to find

01:17:10 | 27/04/2011 - Source: CNN

Can't afford to buy a home? You might have a tough time finding a cheap place to rent too.

Home prices in 'double dip'

23:12:31 | 26/04/2011 - Source: CNN

Home prices in February sank 3.3% to just above the post-crisis lows reached in April 2009.