An adjustable-rate mortgage bubble is coming to the central San Joaquin Valley’s housing market, and the tens of thousands of homeowners who hold those mortgages should prepare for the rate increases to come.
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June 22 2008 | Home Loan Mortgage Blog | No Comments »
WASHINGTON – Increasing struggles by consumers and businesses to make payments on a variety of loans, not just mortgages, are setting off a new wave of trouble in the financial sector that is battering even institutions that had steered clear of the subprime home loan debacle.
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June 22 2008 | Home Loan Mortgage Blog | No Comments »
Tired of juggling all those bills? One big loan can pay off many little ones, but there are pros and cons to repackaging your debt.
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June 21 2008 | Home Loan Mortgage Blog | No Comments »
Halifax, the UK’s biggest mortgage lender, has piled more woe on cash-strapped homeowners by raising fixed rates by 0.5 per centage points.
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June 20 2008 | Home Loan Mortgage Blog | No Comments »
More than 400 mortgage fraud suspects allegedly linked to an estimated $1 billion in losses have been charged since March 1 as part of the Justice Department’s mounting inquiry into the national home loan crisis, top federal officials said Thursday.
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June 20 2008 | Home Loan Mortgage Blog | No Comments »
Washington Mutual Corp. is cutting 1,200 jobs nationwide. The country’s largest thrift, hit hard by turmoil in the mortgage and credit markets, said Thursday, that some layoffs will be in its home loan business.
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June 19 2008 | Home Loan Mortgage Blog | No Comments »
CHICAGO (MarketWatch) — Mortgage rates continued their climb this week, with the 30-year fixed-rate mortgage hitting its highest level since September, says Freddie Mac.
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June 19 2008 | Home Loan Mortgage Blog | No Comments »
With the average internet user in Canada spending almost 43 hours a month online, it seems only obvious that a few hours would be spent by anxious homeowners comparing mortgage rates in Canada, particularly considering the current housing market outlook.
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June 18 2008 | Home Loan Mortgage Blog | No Comments »
(RTTNews) - New Zealand’s housing affordability improved to its best level in more than a year, the Wizard Home Loan Affordability report prepared by interest.co.nz showed Wednesday. The improvement in May was driven by a decline in the average two-year fixed mortgage rate.
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June 18 2008 | Home Loan Mortgage Blog | No Comments »
TORONTO — Analysts say rising mortgage rates are expected to further soften Canada’s housing market as affordability erodes, sales cool and the economy in many parts of the country blows off more steam.
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June 17 2008 | Home Loan Mortgage Blog | No Comments »