Mortgage | refinancing

Fourteen and counting. That’s the number of federal loan modification programs currently in place, each one targeting financially stressed homeowners to help them stay current on their mortgage payments and avoid foreclosure.Fourteen is also a rough estimate of the number of homeowners who have actually benefited from these programs. That’s obviously an exaggeration, but the point remains.Since    .. more …

NEW YORK, May 3, 2012 /PRNewswire/ –Mortgage rates fell for a fourth consecutive week and the fifth time in the past six weeks, with the average rate on the benchmark 30-year fixed mortgage rate dropping to 4.05 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points.(Logo: )To see mortgage rates in    .. more …

Today’s economic calendar will include mortgage data, employment numbers, oil inventories, and more Fed appearances.MBA mortgage-purchase applications begin the day at 7 a.m. ET. There are no forecasts for this report, which came in at -3.8 percent last month.Federal Reserve Governor Daniel Tarullo will speak to the Council on Foreign Relations at 8 a.m. ET. The ADP employment report for April    .. more …

Mortgage rates dropped this week and remain below the 4 percent mark amid a weak jobs report, based on the latest numbers from mortgage buyer Freddie Mac.The average rate on the 30-year fixed mortgage was 3.88 percent this week, down from 3.98 percent last week. A year ago, it was 4.91 percent. The all-time low was 3.87 percent, set in February.The 15-year fixed rate fell to a record low of 3.11    .. more …

WASHINGTON–(BUSINESS WIRE)– With the April 17 tax-filing deadline right around the corner, the most important tax deduction for tens of millions of middle-class families could be on the chopping block as early as next year’s tax season if some policymakers get their way. “The mortgage interest deduction has been in existence since the inception of the federal tax code nearly 100 years ago and    .. more …

SEATTLE, April 10, 2012 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow (R) Mortgage Marketplace is currently 3.73 percent, down eight basis points from 3.81 percent at this same time last week. After rising to 3.95 percent on Wednesday, the 30-year fixed mortgage rate hovered between 3.8 and 3.9 percent for the rest of the week, falling to the current rate early this    .. more …

“For every two homes sold, one job is created. Employment and the housing market are inextricably linked because economic growth and job creation cannot occur without a housing recovery,” according to The National Association of Realtors .Charlotte, NC (PRWEB) April 17, 2012 Seekingalpha.com reports how an aggressive real estate industry positively affects total GDP in China . China’s growth over    .. more …

WASHINGTON (AP) — The average U.S. rate on the 30-year fixed mortgage fell back below 4 percent this week, staying near historic lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.99 percent from 4.08 percent last week. Last month, the rate touched 3.87 percent, the lowest since long-term mortgages began in the 1950s. The average rate on the 15-year    .. more …

MAITLAND, Fla., March 22, 2012 /PRNewswire/ — Digital Risk , the nation’s leading and largest risk management and compliance solutions provider, reports that Peter Kassabov, the firm’s chairman and chief executive officer, provided commentary and insight to the White House Business Council in Washington D.C. earlier this week.The Business Forward event brought Mr. Kassabov and other business    .. more …

WASHINGTON – The average U.S. rate on a 30-year fixed mortgage has popped above 4% for the first time in more than three months. The sharp increase suggests the window to buy or refinance a home at historically low rates may be closing.Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year loans jumped to 4.08% this week, from 3.92% the previous week. A month ago, it touched    .. more …