From The News Archives: Mortgage Financing

Zillow: Mortgage rates mixed to begin March

March 11, 2010 Mortgage Financing

New data from the latest Zillow Mortgage Rate Ticker has found that interest rates across the country for most mortgage types declined during the first full week of March, potentially spurring more refinance applications and housing purchases.
According to the survey, the average rate for 30-year fixed-rate mortgages dropped by 0.04 percentage points of the week, [...]

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MBA: Average rates increase to begin March

March 10, 2010 Mortgage Financing

One week after seeing declines accross the board, average interest rates for all mortgage types reversed their course and increased during the first week of March, according to new data from the Mortgage Bankers Association.
According to the latest Weekly Mortgage Applications Survey released Wednesday by the MBA, average intertest rates for 30-year fixed-rate mortgages [...]

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Florida seeing ideal real estate conditions in 2010, says Realtor

March 9, 2010 Mortgage Financing

Consumers in Florida who are looking to invest themselves in any type of mortgage for a new home may be able to do so in fantastic market conditions this year, according to the President of Florida Realtors.
According to Wendell Davis, who also serves as a broker and regional vice president of a Jacksonville-based realty company, [...]

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Rising mortgage activity in Massachusetts a national indicator?

March 9, 2010 Mortgage Financing

A leading banker that specializes in all mortgage types in Massachusetts is reporting that mortgage sales throughout the state more than doubled its volume of mortgage sales in 2009 compared to the previous year.
Fairway Independent Mortgage Corporation reported on Monday that the mortgage loan volume in the company’s New England offices grew to $720 million [...]

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Mortgage modification lawsuits on the rise, says survey

March 9, 2010 Mortgage Financing

As mortgage refinance modifications continue to grow in popularity due to the government’s HAMP program and homeowners’ needs to cut costs, so to are the number of lawsuits against mortgage modification firms.
According to a survey produced by MortgageDaily released on Monday, 134 mortgage-related lawsuits were tracked during the fourth quarter (October 1 and December 31) [...]

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Pending home sales decline to begin 2010, says NAR

March 5, 2010 Mortgage Financing

Despite a general decline in all types of mortgage rates and an expansion of the homebuyer tax credit, the National Association of Realtors found the number of pending home sales to kick off 2010 in January actually declined.
According to the latest Pending Home Sales Index released by the NAR on Thursday, the rate of housing [...]

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