The interest rates charged on fixed-rate mortgages inch down to a sixth straight weekly record low, according to Freddie Mac’s latest survey of conforming mortgage rates.
The portion of homeowners who brought money to the table for a cash-in refinance in the second quarter tied for the third-highest level since Freddie Mac started tracking refinancing trends in 1985, the ...
Cash-out refinancing gained popularity when home values were rising fast, and homeowners wanted to tap their home equity to put money in their wallet. Today, some borrowers are doing the reverse, bringing ...
A foreclosure reduces the value of a home by an average 27% -- a much higher discount than occurs with other types of forced sales, according to a recent study that will be published in the American Economic ...
For starters, as long as you are current on your payments, lenders cannot demand that you pay down your balance, even if you are fully drawn. All lenders have to abide by their contracts with borrowers, ...
More help is on the way for unemployed homeowners struggling to make their mortgage payments, thanks to funding tucked into the financial reform legislation signed by President Obama on Wednesday.
In a housing market like this, you’d expect a good deal of buyer’s remorse out there. But 90% of homeowners say they don’t regret buying their current home, according to a survey released this week ...
Even if a buyer is ready and waiting, a lender still may decline a short sale, even if the homeowner is struggling to pay his mortgage. It all comes down to cold, hard math.
The number of mortgage-loan applications for home purchases dropped to its lowest level in 14 years last week, the Mortgage Bankers Association said Wednesday.