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Mortgage rates fall again, 30-year near record low
WASHINGTON — Fixed mortgage rates fell to at or near record lows. That’s good news for the few who can afford to buy a home or are able to refinance. But the rates have done little to lift the ailing housing market. Freddie Mac said Thursday that the average rate for the 30-year fixed mortgage […]
Optimism despite increase in foreclosures
A snapshot of mortgage loans in Maryland and across the U.S. in the fourth quarter of 2010 prompted some optimism about the coming year despite a record number of loans in foreclosure. In a report released Thursday by the Mortgage Bankers Association, loans in foreclosure increased to 4.63 percent during the quarter, up from 4.39 […]
Mortgages increase, as do loans in foreclosure
The number of mortgages, especially prime fixed loans, increased to record levels during the fourth quarter of 2010 according to a report released Thursday by the Mortgage Bankers Association. But loans in foreclosure increased to 4.63 percent during the quarter, up from 4.39 percent in the third quarter and tying a record set in the […]
Mortgage applications rose last week
NEW YORK — The number of people applying for a mortgage rose last week as lower rates lured more borrowers to refinance. The Mortgage Bankers Association said Wednesday its overall mortgage application index increased 2.2 percent from the previous week. The refinance index rose 4.9 percent, while the purchase index slipped 3.7 percent last week. […]
Mortgage rates edge down after 5 weeks of gains
NEW YORK — Rates on fixed mortgages dipped after rising for five weeks in a row. Still, they remain more than a half-point higher than last month and are at the highest level since late spring. Freddie Mac said Thursday the average rate on a 30-year fixed mortgage slipped to 4.81 percent from 4.83 percent […]
Mortgage application volume rises last week
NEW YORK — Applications for mortgages to buy homes rose last week for the third straight week. The Mortgage Bankers Association said Wednesday overall applications increased 5.8 percent from a week earlier, driven by increases in purchase and refinance applications. Those taken out to buy homes rose 5.5 percent from the previous week, and refinance […]
