Mortgage News July, 2008

Freddie Mac ups Ante in Fight against Foreclosure

Freddie Mac today outlined plans to tackle foreclosures by doubling financial incentives to...

President Bush signs Housing Bill

President George W Bush has signed a landmark housing bill designed to provide mortgage relief...

Senate Passes Mortgage Aid Bill

The U.S. Senate has approved a housing rescue bill by a 72-13 vote to help beleaguered homeowners...

U.S Home Sales at Record Low

The housing crisis shows no signs of abating as figures revealed on Thursday from an industry...

Mortgage Application Volumes Drop 6.2 percent

An increase in interest rates contributed to a decline in demand for mortgage application volumes...

Senate Agrees Housing Package Deal

Senate leaders have agreed upon a rescue plan for the two largest mortgage finance companies...

Wachovia Ceases Wholesale Mortgage Lending Operations

Wachovia on Monday confirmed it was pulling out of the wholesale mortgage lending business as of...

Donald Trump Makes Real Estate Killing

Property Tycoon, Donald Trump has defied the slump in the real estate market by selling his...

FBI Investigating Possible Fraud at IndyMac

IndyMac is one of several banks being probed by the Federal Bureau of Investigation (FBI) for...

Fed Chief Paints Bleak Economic Outlook

The US economy will continue to face "numerous difficulties" with no sign of easing over the next...

Fed Outlines New Mortgage Rules

In new mortgage rules designed to take a hard line approach against predatory mortgage practices...

IndyMac Collapses amidst Financial Crisis

IndyMac Bank becomes the second largest financial institution to fall in U.S history as it...

Foreclosures up 53 percent

Foreclosures jumped 53 percent in June from a year earlier, a report published by a California...

Mortgage Application Volumes up Last Week

Mortgage application volumes experienced a 7.5 percent increase last week, according to a survey...

Schwarzenegger Signs Foreclosure Relief Bill

California Governor Arnold Schwarzenegger has signed a bill designed to stem the tide of...

Fannie and Freddie Shares Plunge

Shares in Fannie Mae and Freddie Mac experienced their sharpest drop in 16 years on Monday amid...

Housing Rescue Slows as Foreclosures Increase

With lenders on the back foot following mounting criticism over their sluggish attempts to quell...

Mortgage Application Volumes Rise

Weekly mortgage applications in the U.S rebounded in the week ended June 27, figures from the...

Jazz Legend Avoids Foreclosure

Renowned jazz vocalist, Ernestine Anderson has been able to stave off the threat of foreclosure...

Florida sues Countrywide

Florida has joined the increasing number of states to take action against Countrywide, with...

National Rates

Loan Type Today
30 Year Fixed   5.86
15 Year Fixed   5.63
5/1 Adjustable   6.01

Get Your Rates »

Rates may contain points

Compare Rates

Browse Mortgage Rates