‘Mortgage News’ Archives
After Hitting Historic Lows Mortgage Rates Jump Up
by dane After falling for the last 2 months 30 year mortgage rates jumped up this week. The 30 year mortgage went from 5.10 to 5.25. This is the highest we have seen December 11, 2008. The 15 year mortgage moved up as well from 4.80 to 4.92. Below are rates for the last few weeks.Feb 05, 2008 30-yr 5.25 15-yr 4.92 5-yr ARM 5.26 1-yr ARM [...]
Relief for Responsible Homeowners One Step Closer Under New Treasury Guidelines
With Detailed Program Requirements, Servicers Can Now Begin `Making Home Affordable' Loan Modifications Extensive Borrower Outreach Efforts Underway Washington, DC The Obama Administration today announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration's [...]
Obama’s menu for U.S. financial stability
latest financial news from Reuters....and so it goes on.....and on.....and on... where will this take us....i wonder.....mmm Feb 9 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Tuesday will lay out the Obama administration's ideas for tackling the financial crisis and its plans for disbursing what remains in a $700 billion financial [...]
