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Mortgage rates keep falling but few can cash in
WASHINGTON — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates. Freddie […]
Rate on 30-year mortgage falls to record 4.09 pct.
WASHINGTON — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates. Freddie […]
Bank of America will cut 30,000 jobs in bid to save $5B
NEW YORK — Bank of America is slashing 30,000 jobs as part of an effort to reverse a crisis of confidence among investors. It’s the largest single job reduction by a […]
Realities of Real Estate: A Short History of the Home Mortgage
As the federal government begins to grapple with the new reality that there are limitations on how much money our nation can borrow, we are starting to examine possible changes […]
30-year mortgage falls to 4.12 pct., record low
WASHINGTON (AP) — Fixed mortgage rates fell this week to the lowest levels in six decades. But few Americans can take advantage of the rates to refinance or buy a […]
Mortgage rates and home sales both remain low
WASHINGTON — Fixed mortgages were mostly flat this week after hitting their lowest levels in decades. But few Americans are capitalizing on them. The average rate on the 30-year fixed […]
Bank of America sued by U.S. Bancorp over mortgages
NEW YORK — The lawsuits against Bank of America are piling up. The latest comes from U.S. Bancorp, which wants Bank of America Corp. to repurchase poorly-written mortgages sold by […]
Realities of Real Estate: Houses have many different prices
When it comes to evaluating real estate, there are a wide variety of factors we take into consideration. Condition, location and amenities are all important, but what people usually focus […]
Fixed mortgage rates rise from decades lows
WASHINGTON — Fixed mortgage rates edged up this week from their lowest levels in decades. But few have been able to capitalize on them. The average rate on the 30-year […]
Home buyers getting ever more hesitant
The past month wasn’t exactly a confidence-booster for would-be home buyers and sellers. They’ve witnessed a turbulent stock market, a downgrade of U.S. credit, a spreading European debt crisis and […]
Maryland Mortgage Program rate at record low
The Maryland Department of Housing and Community Development said Monday the interest rate for the state’s flagship mortgage financing program, the Maryland Mortgage Program, has dropped to 3.5 percent, the […]
Realities of Real Estate: Down on the farm
In this column, we focus almost exclusively on residential real estate, since the housing market affects all of us, and this is the category where we do business. But, real […]
