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A collection of news and information related to Mortgages published by this site and its partners.
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Mortgage rate falls again to record 3.78 percent
WASHINGTON - The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan...Tags: Housing Industry, Homes, Freddie Mac, Real Estate, Services and Shopping
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Ask a real estate pro: Mortgage settlement prompting banks to make deals
Sun SentinelBoard-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click...Tags: Financial and Business Services, Bank of America Corp., Justice System, Legal Services, Lawyers
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Costco members can now shop for mortgages online
Members of Costco Wholesale Corp. can fill their carts with a shopping list of goodies like big-screen televisions, bathroom tissue and rotisserie chickens.
Mortgages? Well, not exactly.
The company is receiving a fair amount of publicity for the...Tags: Financial and Business Services, Groceries, Costco Wholesale Corporation, Consumers, Economy, Business and Finance
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What it takes to buy a home
Tired of renting? It could be a great time to buy your first home. In many cities, home prices have bottomed and rents have risen. Mortgage rates are still superlow. In fact, homes haven't been as affordable since 1971. On the downside, in many cities...Tags: Fannie Mae, Economy, Business and Finance, Finance, Money and Monetary Policy, Rentals
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Freddie Mac: 30-year mortgage rate down a tick at 3.78%
Los Angeles TimesRecord low interest rates for 30-year mortgages edged down another tick, Freddie Mac said in its latest survey, which showed lenders across the nation offering the benchmark loan at 3.78 percent compared to 3.79 percent last week. The typical rate on a...Tags: Financial and Business Services, Banking, Homes, Freddie Mac, Los Angeles Times
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FDLE: Man posed as real estate agent, took down payments on homes not for sale
Florida Department of Law Enforcement agents say a Central Florida man posed as a real estate agent and collected down payments on homes that were not for sale. Paul Vencatasawmy was arrested by FDLE agents last week on a charge of scheme to defraud, and...
Tags: Real Estate Buyers, Orlando Real Estate, Homes, Law Enforcement, Real Estate
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Zillow: 31.4% of U.S. homeowners are underwater on mortgages
Nearly 16 million homeowners – not quite a third of people with mortgages – owe more on their home loans than their properties are worth, according to real estate site Zillow. Of all homeowners in the U.S., 31.4% were underwater in the...Tags: Real Estate, Google+, Services and Shopping
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Zillow: Underwater mortgages still plague Broward, PB counties
Sun SentinelDespite the recent rise in home prices, nearly half of Broward County mortgage holders owe more than the properties are worth, real estate website Zillow.com says. The figure, 46 percent, is down slightly from a year ago. In Palm Beach County, four in 10...Tags: Financial and Business Services, Real Estate, Services and Shopping
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30-year mortgage rates drop again to new historic lows
Sun SentinelInterest rates for 30-year mortgages fell to new historic lows for the fourth week in a row, Freddie Mac reported Thursday. The average 30-year fixed rate dropped to 3.78 percent, down from last week's 3.79 percent. It has remained below 4 percent...Tags: Freddie Mac
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Negative equity remains a drag on housing market
Even as a tentative housing recovery in the Southland appears underway, a big stumbling block remains: the vast number of underwater homeowners.
Nearly 1 in 3 homeowners with a mortgage in Los Angeles County owes more on the loan than the property is...Tags: Consumer Confidence, Homes, Real Estate Sellers, Real Estate, Services and Shopping
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44% of Cook County homes with a mortgage are underwater
Tribune staff reporterAlmost 667,000 homes with a mortgage in the seven-county Chicago area were underwater on their mortgages in March -- and 13 percent of those homeowners were also delinquent on their mortgage payments by three months or more. The paper losses total almost...Tags: Financial and Business Services, Foreclosures, Chicago Mortgages, Homes, Real Estate
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Maryland offers tax relief on debt forgiveness
baltimoresun.comFor a long time, you had to pay income tax on debt that your mortgage lender forgave. During the height of the housing crisis, the federal government offered a reprieve — it stopped collecting income tax on up to $2 million of forgiven mortgage debt...
May 25, 2012
|Story| South Bend Tribune
May 25, 2012
|Story| South Florida Sun-Sentinel
May 25, 2012
|Column| Chicago Tribune
May 25, 2012
|Story| Chicago Tribune
May 24, 2012
|Story| Los Angeles Times
May 24, 2012
|Story| Orlando Sentinel
May 24, 2012
|Story| Los Angeles Times
May 24, 2012
|Story| South Florida Sun-Sentinel
May 24, 2012
|Story| South Florida Sun-Sentinel
May 24, 2012
|Story| Los Angeles Times
May 24, 2012
|Story| Chicago Tribune
May 23, 2012
|Blog| baltimoresun.com
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