T he economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent - the lowest level since Freddie Mac began tracking rates in 1971. Some economists ...
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WASHINGTON (AP) - Fewer people are diving into the refinancing pool, sending mortgage applications tumbling last week. The Mortgage Bankers Association says its application index fell 8.2% for the week ended last Friday after applications surged last ...
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US mortgage activity slipped last week, however mortgage rates for home owners are on track to fall much further as the Federal Reserve implements its plan to buy securities. The latest weekly data from the Mortgage Bankers Association on Wednesday ...
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Surveys released today showed that fewer Americans applied for mortgages last week and more were missing payments on their home equity lines of credit. The Mortgage Bankers Assn. said applications for new home loans fell 8.2% for the week ending last ...
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The National Association of Realtors said an increase in fees by Fannie Mae "imposes major new costs" on home buyers and people trying to refinance into more affordable mortgage loans. The trade group's protest -- made in a letter to the Federal ...
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With mortgage rates dropping to the lowest point in 37 years, homeowners are heading to lenders to refinance their loans. Jeri Benner of Mason Dixon Funding said her firm did 400 mortgages in December; about three-fourths of those were refinancing ...
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Right now, mortgage rates are at their lowest level since 1971. Think about that. Twenty-five years ago, we were paying as much as 18% on a 30-year fixed. Today it’s just a little over 5%. Combine that rate with the tax advantages of a mortgage ...
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