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15-year mortgages at record low 2.56% avg. - USA Today USA TODAY WASHINGTON (AP) — The average rate on a 15-year fixed mortgage fell to a new low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgage rates have encouraged home-buying and refinancing. Mortgage buyer Freddie Mac says the ... See all stories on this topic » | ||
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Brokers see spike in new mortgages Herald Sun The spike follows on from March, which was also a record-breaking month for the broker, when its mortgages reached $3.17 billion. The company says it has 10 per cent of the mortgage market and its figures are an indicator of the Australian Bureau of ... See all stories on this topic » | ||
Interest-only mortgage warning ITV News Interest-only mortgage warning. The City watchdog has warned that a quarter of a million homeowners with interest-only mortgages will be unable to pay off their mortgage at the end of its term. Share. Share on Facebook · Share on Twitter Share on ... See all stories on this topic » | ||
Interest-only mortgages: Homeowners need 'wake-up call' Metro Homeowners on interest-only mortgages are being warned they face losing their property if they have no plan for repaying their loan. The Financial Conduct Authority (FCA) fears consumers are under-estimating the scale of the problem, with around 260 ... See all stories on this topic » | ||
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Banks give off positive signals on mortgages Irish Independent Recent signals from some banks suggest that the mortgage market may be starting to function somewhat better. AIB has pledged to lend €2bn in 2013, and if Bank of Ireland were to lend €1.5bn, that would deliver a mortgage market of €3.5bn this year, ... See all stories on this topic » | ||
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'Talks are vital with distressed mortgages' Herald.ie Lauren Bailey, a credit control analyst with the bank, said there were arrears of just €40,000 on a €502,000 mortgage and the bank had been seeking possession of an outstanding sum of €567,224. The bank's application had earlier been adjourned with ... See all stories on this topic » | ||
US Fed buys $15.1 bln of mortgage bonds, sells none Reuters The New York Fed said on its website Thursday that the central bank sold no mortgage securities guaranteed by Fannie Mae, Freddie Mac or the Government National Mortgage Association, known as Ginnie Mae, in the latest week. It sold none the previous ... See all stories on this topic » | ||
Star comment: Interest-only mortgages a recipe for financial meltdown shropshirestar.com (blog) Almost half of all people with interest-only mortgages, in which borrowers pay off the interest each month but are expected to have an investment plan in place to pay off the capital debt at the end of the term, are heading for the financial rocks. For ... See all stories on this topic » | ||
Interest-only mortgages needn't explode - Director of Finance Online Director of Finance online Are interest-only mortgages the ticking timebomb that regulators claim? Not if lenders keep rolling over the loans. There's no need to foreclose and it doesn't matter whether house prices rise or fall. Homeloans that don't gradually repay the principal ... See all stories on this topic » | ||
Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First ... FirstRungNow Nationwide's chief economist Robert Gardner said: "The number of mortgage approvals has edged up from the levels prevailing last year, and there are reasons for optimism that activity levels will continue to strengthen in the months ahead." The results ... See all stories on this topic » | ||
FCA warns on interest-only mortgage"ticking timebomb" - MyFinances.co.uk MyFinances.co.uk Borrowers on an interest-only mortgage repay only the interest on the amount borrowed, without repaying any of the capital borrowed from the lender in the first place. The full amount of the mortgage is supposed to be repaid at the end of the mortgage... See all stories on this topic » | ||
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Silvergate Posts Strong First Quarter, Acquires $50 Million of Reverse Mortgages Reverse Mortgage Daily Silvergate Bank announced this week the company recorded net income of $1.4 million during the first quarter of 2013. During the quarter, Silvergate funded more than $663 million in single-family residential mortgage loans and reported a 13.6% increase ... See all stories on this topic » | ||
Four main areas of interest-only thematic review FT Adviser As part of its thematic review the FCA has released a 50-page report, Residential Interest-Only Mortgages, which it commissioned from Experian. It looked at four aspects of the thematic review: analysing the size of the problem, customers' ability to ... See all stories on this topic » | ||
Leeds reduces first time buyer mortgage by up to 0.50% Financial Reporter The Society's "A Helping Hand" initiative makes even more much needed 95% mortgages available to those who can afford the mortgage repayments but are currently unable to provide a large deposit. Normal lending criteria applies, so only those FTBs who ... See all stories on this topic » | ||
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Interest-only borrowers issued with wake-up call moneyfacts.co.uk Many people choose to take out a mortgage on an interest-only basis, as they allow borrowers to pay off a smaller amount each month. However, unlike repayment mortgages which pay off the interest and the capital on the amount borrowed, it is only the ... See all stories on this topic » | ||
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FOX Local News: Reverse Mortgages Can be a Godsend Reverse Mortgage Daily The recession has been especially hard on the nation's senior population, leading more American's age 62 and older turning to reverse mortgages to supplement their cash, according to a recent segment from FOX-5 Atlanta. "It's not right for everybody ... See all stories on this topic » | ||
Interest-only mortgage? Don't bury your head Citywire.co.uk Interest-only mortgages were hugely popular in the housing bubble as they offered home buyers a cheaper way to borrow money for a house. They allow homeowners to repay just the interest on the loan each month and pay back the capital, or the original ... See all stories on this topic » | ||
New record low for 15-year mortgages Washington Business Journal (blog) Long-term mortgage rates continued to move lower this week, with a 15-year fixed-rate mortgage falling to a record low for the second consecutive week. Freddie Mac's weekly rate report says a 30-year fixed-rate mortgage averaged 3.35 percent in the ... See all stories on this topic » | ||
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Obama nominates NC Congressman to head federal agency overseeing Fannie ... Legal News Line "In that capacity, Mel has led efforts to rein in unscrupulous mortgage lenders," the President said Wednesday afternoon. "He's helped protect consumers from the kind of reckless risk-taking that led to the financial crisis in the first place. And he's ... See all stories on this topic » | ||
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Annaly Capital Management portfolio yield continues to fall Market Realist (blog) Annaly Capital Management owns, manages, and finances a portfolio of real-estate related investments, which are generally backed by mortgages. While they have been primarily focused on agency (government-guaranteed) mortgages, they aren't required ... See all stories on this topic » | ||
The 5 at 5: Thursday thejournal.ie #MORTGAGES: Thousands of tracker mortgage holders will have been boosted today by news that the European Central Bank has cut its main interest rate by 25 basis points to 0.5 per cent. The decision will provide a boost for tracker mortgage holders but ... See all stories on this topic » |
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15-year mortgage rate hits record low | FOX6Now.com By Cary Docter NEW YORK (CNNMoney) -- Mortgage rates dropped again this week, with the 15-year fixed-rate loan hitting a record low, according to a report from mortgage financier Freddie Mac. The 15-year fixed rate fell to 2.56% from 2.61%. A year ago ... FOX6Now.com | ||
US rate on 15-year mortgage at record 2.56 pct. - Business Wire ... The average U.S. rate on the 15-year fixed mortgage fell to a new record low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying and refinancing. The Olympian Online -- NEWS UPDATES |
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New Federal Rules Protecting Homeowners With Mortgages | Nolo ... New federal rules will better protect homeowners when getting new mortgages, dealing with existing mortgages, or facing foreclosure. www.nolo.com/.../new-federal-rules-protecting-homeowners-... | ||
15-year mortgages at record low 2.56% avg. - Democrat and Chronicle A pedestrian is reflected in a window as he walks by a display of mortgage rates June 7, 2012. Rates have come down since then. / Justin Sullivan, Getty Images ... www.democratandchronicle.com/usatoday/article/2128877 | ||
Reverse Mortgages: Avoid a Reversal of Fortune - Yahoo! Finance From Yahoo! Finance: Older homeowners who want to tap the equity in their homes typically have three options. They can sell their house and downsize, take ... finance.yahoo.com/.../reverse-mortgages-avoid-reversal-fortu... |
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