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Economist Says It’s Time to Raise Rates
States Craft Programs for Stressed Owners Arizona, Florida, and Michigan propose using federal funds to subsidize mortgage payments for struggling borrowers. Read more > Economist Says It’s Time to Raise Rates Ken Rosen of the University of California Fisher Center for Real Estate says the financial crisis is over and that it’s time for the Fed to increase interest... [Read more]
Housing Opportunity Resources
Housing Opportunity Resources Fannie Mae Offers New Closing Cost Assistance and Appliance Incentive for Homebuyers Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on HomePath.com that are closed within this period may receive up to 3.5% of the final sales price... [Read more]
Mortgage Rates Hold Steady This Week
Mortgage interest for the week held fairly close to the previous week’s rates, reports Freddie Mac. Average interest on 30-year fixed loans slipped a notch to 4.98 percent from 4.99 percent and was down from 5.10 percent a year ago. Here’s how other rates fared for the week: 15-year fixed loans dropped down to 4.39 percent from 4.40 percent. Five-year adjustable-rate mortgages... [Read more]
More Borrowers Lower Mortgages With Refis
More Borrowers Lower Mortgages With Refis In the fourth quarter of 2009, 33 percent of borrowers refinanced their loans and in the process, lowered the principal balance, Freddie Mac reported in its quarterly Refinance Report. That’s the highest cash-in refinance share since Freddie Mac began tracking refinance transactions in 1985. The share of borrowers who increased their loan balances... [Read more]
A Happy Retirement: 6 Steps That Work
A Happy Retirement: 6 Steps That Work Wednesday, January 13, 2010 Optimism about the nation’s economic prospects is back. That’s the most encouraging news from our latest Consumer Reports Retirement Survey of more than 24,000 of our online subscribers. More from ConsumerReports.org: • How to Pay Down Your Credit Card Debt • The Dangers of Reverse Mortgages • The Fine Print... [Read more]
