Latest Mortgage News

Refinancing Jumps Under HARP 2.0

Kara Johnson — Mon, 14 May 2012 15:59:07 +0000

Applications for mortgage refinancing have seen a sharp increase since new, relaxed guidelines for the Home Affordable Refinance Program (HARP) were unveiled last fall, the White House announced last week.

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Mortgage Rates Keep Falling

Kara Johnson — Thu, 10 May 2012 18:20:00 +0000

Another week, another record low for mortgage rates.

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Home Sales Highest Since 2007

Peter King — Wed, 09 May 2012 21:24:03 +0000

Existing home sales rose to their highest level since 2007 during the first quarter of the year, hitting a seasonally adjusted annual rate of 4.57 million units, the National Association of Realtors (NAR) reported today.

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Overall Home Prices Show Gain

Kara Johnson — Tue, 08 May 2012 20:43:02 +0000

U.S. home prices posted a small gain in March, their first overall increase in eight months, according to figures released today by the real estate data firm CoreLogic.

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Fewer Loan Modifications Approved

Kara Johnson — Mon, 07 May 2012 16:05:27 +0000

The number of homeowners obtaining mortgage loan modifications has dropped by nearly one-third over the past year, falling faster than the decline in mortgage delinquencies and foreclosures.

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Fed Study Rejects Standard Explanations for Housing Bubble

Kirk Haverkamp — Fri, 04 May 2012 20:18:18 +0000

The most popular beliefs as to what caused the U.S. mortgage crisis and subsequent economic collapse are wrong, according to a new study by the Federal Reserve Bank of Boston.

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Mortgage Rates Still Falling

Peter King — Thu, 03 May 2012 16:35:21 +0000

Mortgage rates have fallen again to new all-time lows, with the lowest rates on record reported this week for both 30-year and 15-year fixed-rate mortgages.

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Foreclosures Pick Up Slightly

Kara Johnson — Tue, 01 May 2012 23:12:43 +0000

The foreclosure rate ticked up slightly in March, but remains well below its rate of one year ago, according to new data released today.

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Mortgage Rates Back Near Record Lows

Peter King — Thu, 26 Apr 2012 16:45:38 +0000

Fixed-rate mortgages edged back toward all-time lows this week, with average rates holding just a hair above their all-time lows.

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HARP 3.0 in the Works?

Kara Johnson — Wed, 25 Apr 2012 18:24:28 +0000

Rumors are flying today about a proposed HARP 3.0 that would further expand the program to borrowers whose mortgages are not backed by Fannie Mae or Freddie Mac.

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