Mortgage rates dropped again this week, with the 15-year fixed-rate loan hitting a record low, according to a report from mortgage financier Freddie Mac. The 15-year fixed rate fell to 2.56% from 2.61%. A year ago, it stood at 3.07. The most popular mortgage, the 30-year fixed rate, came in at 3.35%, a drop of…
U.S. home-loan bonds without government backing tumbled last month to leave several types of the debt trading at their lowest prices of the year. Declines reached almost 22 percent in June among certain subprime-mortgage securities, according to a June 28 report by Bank of America Corp. While returns remain positive this year among subprime-backed bonds,…
Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing HARP 3.0. The push for more HARP would allow private-label loans to be refinanced through the GSEs, Compass Point said. Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing…
Jon Hilsenrath explains how Wall Street is watching the Federal Reserve with wary eyes as it feels the Fed has overestimated economic growth which could result in the tapering of its bond-buying program.
Mark Livingstone, President and Owner of Cornerstone First Financial on The Don Kroah Show on WAVA 105.1 FM / AM 780 on May 14, 2013.