HARP 2.0 Drives Mortgage Refinancing to 3-Month High
A wave of refinancing borrowers seeking record low interest rates helped lift mortgage applications 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association for the week ending ...
Credit Card Rates Hold Below 15%, No New Promotions
Interest rates on new credit card offers remained unchanged for a fifth straight week, as issuers have not gone this long without testing new promotions at least since 2007.
Creditcards.com reports that the annual ...
Mortgage Rates Hit New Lows Again; 30-Year at 3.79%
Average fixed mortgage rates again hit new record lows this week, with the 30-year loan at 3.79 percent, according to Freddie Mac.
This marks the third consecutive week of new lows for fixed rates.
The European ...
Refinancing Wave Spurs 9% Jump in Mortgage Applications
Propelled by a wave of refinancing at record low interest rates, mortgage applications surged 9.2 percent last week from one week earlier, according to data from the Mortgage Bankers Association.
The refinance component ...
Beyond HARP: Obama Calls for Refinancing Plan for Millions
President Obama is pushing for Congress to help expand mortgage refinancing to millions of borrowers with loans not backed or owned by Fannie Mae and Freddie Mac – and those who cannot currently take advantage ...
Average Credit Card Rate at 14.91% for 4th Week
The average interest rate on new credit card offers remained the same for the fourth straight week at 14.91 percent, according to CreditCards.com.
This is the 11th time this year that credit card interest rates ...
Fixed Mortgage Rates Set New Lows for 2nd Week
Average fixed mortgage rates set new record lows for the second consecutive week, with the 30-year fixed-rate mortgage at 3.83 percent, a basis point below last week, according to Freddie Mac.
The 30-year fixed-rate ...
Home Purchase Affordability Vs. Renting at 1990s Level
When home prices hit bottom as projected later this year, they will be 35 percent lower than their peak level in the first quarter of 2006, according to a new analysis of the housing market by Fiserv, Inc.
But already ...
Average Credit Card Rate at 14.91% for 3rd Week
The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.91 percent this week, the 10th time this year that rates have not moved, according to creditcards.com
This is also the ...
30-yr, 15-yr Fixed-Rate Mortgages Set New Lows
Averaged fixed-rate mortgages set new record lows this week, with the 30-year at 3.84 percent and the 15-year at 3.07, keeping homebuyer affordability at historic levels, according to Freddie Mac.
The 30-year fixed-rate ...




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